Europe Country Risk Views

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Regional FX & Fixed Income Strategy

Our Spain-over-Italy 5-year credit default swap (CDS) view, initiated on July 31, was underpinned by our belief that political risk in Italy was inadequately priced into fixed income markets. However...

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Complacency Sowing Seeds Of Disaster

Despite all of the tough rhetoric, the 2014 French budget represents no more than a modest adjustment to government spending, coupled with further tax hikes. We believe that having passed through the...

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Equities: Bullish Small Caps

On September 13 we placed a bullish Spanish IBEX small cap equity view in our asset class strategy, upon the break of resistance at 4,000, and the index has already rallied 2.7% since then. We have...

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On The Verge Of Another Crisis

The Belarusian economy is set to suffer a prolonged period of economic instability and decline as a result of a decline in global potash prices and an escalating trade war with Russia. If Russo-...

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Bailout Number Three On The Horizon

BMI View: The Greek government will likely seek to negotiate a third financial bailout once the current programme expires in 2014. Although this may be relatively straightforward to secure,...

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