NEWS Focus

In the Eurozone, although base effects and energy prices continue to support headline inflation, core inflation trends remain subdued and are likely to keep the ECB on the back foot for the majority of this year, especially given the heavy political calendar.

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NEWS Focus

Markets seem concerned that a Marine Le-Pen presidency could lead to France leaving the EU. That would be good for gold and bad for French and peripheral debt and Eurozone equities. However, we are more worried about such an outcome in Italy and bookmakers seem to agree.

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NEWS Focus

Doubts are increasing about the US policy mix, and the hopes of much fiscal stimulus and little protectionism that have buoyed markets since the election may not be how things eventually work out. Based on the new administration’s first two weeks, caution looks warranted.

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NEWS Focus

Among the 19 eurozone sovereigns, we rate 16 in the investment-grade category ('BBB-' or above), while three--Portugal, Greece, and Cyprus--are speculative grade ('BB+' or below).

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NEWS Focus

With so much happening in parallel across political, economic and financial landscapes, it seems daunting to try to identify the one event that shaped 2016. In the following short statements, our investment experts share their predictions on which events will prove pivotal in 2017.

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NEWS Focus

The year 2017 is likely to mark the return of inflation to Europe. The combination of higher oil prices and the appreciation of the dollar against both the euro and the pound are already pushing headline inflation higher on the Old Continent.

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