External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul><li>Euro-area flash inflation dropped to 2.9% y/y in Oct (consensus: 3.1% y/y), down from 4.3% y/y in Sep.</li><li>This was the last of the three months with large negative base effects.</li><li>Going forward, the slowdown in inflation towards the ECB target at 2% will be slower.At these levels – below 3% headline inflation – the ECB should gradually be changing reaction function from current inflation and dependence on current data – which is necessary to anchor inflation expectations during periods, where inflation is too high – to expected inflation and expected data a bit further ahead.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Euro-area flash inflation dropped to 2.9% y/y in Oct (consensus: 3.1% y/y), down from 4.3% y/y in Sep.This was the last of the three months with large negative base effects.Going forward, the slowdown in inflation towards the ECB target at 2% will be slower.At these levels – below 3% headline inflation – the ECB should gradually be changing reaction function from current inflation and dependence on current data – which is necessary to anchor inflation expectations during periods, where inflation is too high – to expected inflation and expected data a bit further ahead.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Euro-area flash inflation: Lower headline, high core

External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

ABN AMRO is a personal bank in the digital age. A bank committed to playing a serious role in society. This digital age helps us to bring banking ever closer to our clients and what they need. Our areas of focus are inclusion, sustainability, social entrepreneurship, innovation, daily banking and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Two key economic reports published in the eurozone today, are indicating that disinflation is well on its way.</li><li>To begin with, HICP inflation fell to 2.9% in October, down from 4.3% in September, which was below the consensus and our own forecast.</li><li>The bulk of the drop was thanks to energy price inflation, which fell to -11.1% from -4.6% on the back of a sharp negative base effect (in October 2022, energy inflation peaked at 41.5%), but the inflation rates of all other main components also declined in October.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Two key economic reports published in the eurozone today, are indicating that disinflation is well on its way.To begin with, HICP inflation fell to 2.9% in October, down from 4.3% in September, which was below the consensus and our own forecast.The bulk of the drop was thanks to energy price inflation, which fell to -11.1% from -4.6% on the back of a sharp negative base effect (in October 2022, energy inflation peaked at 41.5%), but the inflation rates of all other main components also declined in October.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul><li>The economic outlook for the Euro area has slightly improved over the past quarter driven by declining energy prices, resilient balance sheets across households and corporations, and strong labor markets.</li><li>Although recent positive developments in the Euro area have led to better growth projections, challenges such as high energy costs, monetary tightening, and weak consumption persist.</li><li>Risks to growth and inflation are broadly balanced, but uncertainty remains elevated.</li></ul>

The economic outlook for the Euro area has slightly improved over the past quarter driven by declining energy prices, resilient balance sheets across households and corporations, and strong labor markets.Although recent positive developments in the Euro area have led to better growth projections, challenges such as high energy costs, monetary tightening, and weak consumption persist.Risks to growth and inflation are broadly balanced, but uncertainty remains elevated.

Quarterly Macro Note - Eurozone Economy - March 30, 2023

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

Equity Bottom-Up

Invesco DB US Dollar Index Bul / Equity Bottom-Up

<ul><li>Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win.</li><li>Today’s strong USD looks, in the end, to be our currency and our problem.</li><li>Keep an eye out for dangerously destructive economic policies, but don’t use that as an excuse to avoid the asset class entirely.</li><li>The yen and euro are at their cheapest levels in decades and hedging emerging market equities would be an expensive proposition even if the currencies weren’t generally cheap versus the USD.</li></ul>

Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win.Today’s strong USD looks, in the end, to be our currency and our problem.Keep an eye out for dangerously destructive economic policies, but don’t use that as an excuse to avoid the asset class entirely.The yen and euro are at their cheapest levels in decades and hedging emerging market equities would be an expensive proposition even if the currencies weren’t generally cheap versus the USD.

Germany

iShares MSCI Eurozone ETF is an exchange-traded fund incorporated in the USA. The ETF's objective is to provide investment results of publicly traded security in the European Monetary Union markets, as measured by the MSCI EMU Index. The ETF invests in a representative sample of index stocks using a "portfolio sampling" technique and weighting the constituents based on their market cap.  

iShares MSCI Eurozone ETF (EZU US)

Euro-area flash inflation: Lower headline, high core

Euro-area flash inflation dropped to 2.9% y/y in Oct (consensus: 3.1% y/y), down from 4.3% y/y in Sep. This was the last of the three months with...

Nordea

Eurozone disinflation well on its way

Two key economic reports published in the eurozone today, are indicating that disinflation is well on its way To begin with, HICP inflation fell...

ABN AMRO

Quarterly Macro Note - Eurozone Economy - March 30, 2023

The economic outlook for the Euro area has slightly improved over the past quarter driven by declining energy prices, resilient balance sheets...

VRS (Valuation & Research Specialists)

GMO Q2 2022 Quarterly Letter

Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win. Today’s...

Fund Newsletters