Results for “Euro”

…est concerns on pressure on US inbound travel, a bigger negative for Expedia than Priceline. FX spot rates for both the Euro and the Pound have depreciated 1% vs. the US$ since end of Jan. Many key upcoming events for stocks in 2Q Top events in 2Q include Facebook’s F8 developer...

Europe. The average global growth pace of the past 3 months has fallen to only 1.8%, barely more than half of trend. The expectation remains that Q1 should come in at 2.4% as both Japan and the Euro area exit recession. ° While staying overall long risk markets, both credit and...

the euro would weaken and euro vol rise. While a less dovish ECB

Eurozone equities Preference: neutral Euro Stoxx (24 Oct): 247 (last publication: 247) UBS View Euro Stoxx (6-month target): 249 ¢ We keep our neutral stance on Eurozone equities. While the sovereign debt crisis remains a risk factor (see slide 8), the conditional bond buying...

…asury yields as well as commodity prices from oil to copper. The U.S. reflation expectation also boosted the greenback. European sovereign bond yields and the euro declined after ECB President Draghi announced a reduction in monthly asset purchases starting in 2018, but promised...

Marine Le Pen victory could bring into question both the future of the EU and also the euro, should the polls be close it could make the uncertainty and market moves around Brexit look like a walk in the park. 2017 —- Reflation, Reversal, Rotation, Relief or Revolt? 2017 is lik...

…wed this week, but did not reverse, on continued concerns about the fallout from a poorly executed Cyprus solution. The Euro area underperformed again, for a second week in arow. As discussed last week, we view Cyprus as a local problem that we address by underweighting Euro area...

…w from this experience, but also some wrong ones. As examples, it is true that capital controls have created a two-tier euro, but very unlikely that Cyprus is exiting EMU. And while it is true that markets deserve arisk premium for policy uncertainty, the size of the premium shou...

Global Utility White Paper CONFIDENTIAL e European Utilities We believe European utilities have the potential not only for the strongest outperformance but also for the greatest alpha generation. Since the financial crisis, European utility earnings have declined approximately...

…ecovery Directive (RRD) will be brought forward to 2015 from the current 2018 time-frame. e As such, our colleagues in European Credit have examined the implications of changing recovery rate expectations across the bank capital structure. Assuming that covered bonds remain outs...

…critique of U.S. diplomacy (and a brief defense of Obama’s Peace Prize award) and to whom Epstein offers a ride back to Europe on his jet. The next morning, it’s Ehud Barack, the former Israeli Prime Minister and Israel, for breakfast. Barack is, over his omlet, able to defe...

…une 2000) 1059 UN Security Council Presidential Statement on Israel’s Withdrawal from South Lebanon (18 June 2000) 1070 European Parliament Votes to Suspend Euro-Israeli Association Agreement (10 April 2002) 1072 UN Security Council Resolution 1559 (2004) (2 September 2004) 1075...

…eed another 1-2 months to see how consumers are responding to higher taxes. e Fixed Income — Search for carry to trump Euro area jitters over time. e Equities — Japan remains our main country overweight. e Credit — We OW covered bonds in the Euro periphery over senior bank bond...

the Euro area has taken a large step to socialising risks created by unsound government finances and macroeconomic

…critique of U.S. diplomacy (and a brief defense of Obama’s Peace Prize award) and to whom Epstein offers a ride back to Europe on his jet. The next morning, it’s Ehud Barack, the former Israeli Prime Minister and Israel, for breakfast. Barack is, over his omelet, able to defend b...