Tag Archives: ECB

Stay Calm and Carry On: Results of the ECB’s Bank Reviews and Stress Tests

On Sunday October 26th 2014, the ECB released the results of the Comprehensive Assessment (CA) – which encompassed the Asset Quality Review (AQR – which covered all large banks in the Eurozone) as well as Stress Tests that also included … Continue reading

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Mind the Gap

Economic fundamentals (the “real economy”) have been struggling to catch up with the buoyant behavior of financial markets and, eventually, these diverging patterns (gaps) will have to be reconciled. On the economic side, the main global structural imbalances (a mountain … Continue reading

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Did Fears of the Fed Spark Bond Market Selloff?

Last week in the capital markets: Bonds sold off globally in the week before the Fed meeting. It was a quiet week for economic news, and the geopolitical front was relatively quiet (less fighting but more sanctions in Europe, moving … Continue reading

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ECB Tackles Low Growth and Falling Inflation

Attended by the world’s top central bankers, the European Central Bank (ECB) met in August for its regular monthly meeting in Jackson Hole, Wyoming. I thought I would share some insights from Tanguy Le Saout, Pioneer’s Head of European Fixed Income. … Continue reading

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The Dollar Jumped and Stocks Rallied Last Week … What were The Triggers?

Concerns about the Ukraine and Islamic State remained high last week, but diminished at week-end on news of a cease-fire in Ukraine and NATO resolve to address the Islamic State. The European Central Bank (ECB) surprised markets (bullishly), and U.S. … Continue reading

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