The US housing market has turned, abruptly. Despite a lack of inventory, the median price for existing homes is turning quickly. Ordinarily, this would signal a possible peak in US…
According to the Bundesbank’s Weekly Activity Index (WAI), Germany is already in a technical recession. The German CPI numbers for March confirmed the risks of ‘stagflation’. The headline CPI surged…
The ECB belatedly moved to catch up with markets last week. Recent inflation surprises have forced the central bank to change track. Labour market recoveries have been swift, particularly for…
The tide is turning for European VC. Venture-backed start-ups in Europe raised $49.6bn in the year through to June 11th, almost matching the total for the whole of 2020 ($51.7bn),…
UK online job advertisements posted on Adzuna have now risen to 18% above February 2020 levels, a four-percentage point rise in the week ending May 21st. The rebound in vacancies…
Vaccination progress and an impending easing of lockdown measures boosted consumer confidence significantly in the UK this month. The labour market is recovering faster than expected too. An early snapshot…
Prior to the pandemic, a Venture Capital ‘revolution’ was taking shape across Europe. Last week’s commentary looked at the political risks around a slow rollout of vaccinations, but also stressed…
At some point in 2021, investors will need to weigh up the EU’s increasingly successful, swift transition towards green energy, against mounting political woes facing the Eurozone. The ‘landmark’ court…
The Oxford University (Astra Zeneca) vaccine has achieved a 90% efficacy on a combination of low and high doses. In the UK, mass testing has proved effective in one hot…
Few sectors were spared the heavy selling in equities last week, as the markets react to the prospect of tighter Covid-19 restrictions and a ‘blue wave’. The losses in IT…