Search Results for: euro area

EUR/USD and Euro Area M3 Chart showing the correlation between the euro-area broad money supply (M3) and EUR/USD (inverted). Image: Morgan Stanley Research

Euro Area Banks Relative Valuation The relative valuation of euro area banks is still below the levels of the financial crisis, due to falling interest rates and negative rates in Europe. Image: Bloomberg

Euro Area GDP Growth According to the forecasts of 34 economists, GDP growth in the euro area is expected to dip below 1% on average in 2020. Image: Financial Times

U.S. and Euro Area Composition of Corporate Credit Great chart showing that the U.S. is a market-based financial system, while the Euro Area is a bank-based system with 80% of bank loans. Image: Deutsche Bank Global Research

U.S. 10-Year Treasury Yield and Euro Area Cyclicals Relative to Defensives Chart suggesting that euro area cyclicals outperform defensives, when U.S. bond yields rise. Image: Credit Suisse Research

Real M1 Leads Euro Area Real GDP Growth An imminent recession in the euro area? This interesting chart suggests that real M1 leads euro area real GDP growth by 12 months. Image: Pictet Wealth Management

Euro Area Real M1 Growth Leads Euro Area Manufacturing PMI This chart suggests that euro area real M1 growth leads euro area manufacturing PMI by 9 months. Image: Morgan Stanley Research

Daily New Cases of Coronavirus: Euro-Area and UK Daily new COVID-19 case increases have significantly slowed down. Lockdowns are gradually lifted across Europe and activity is increasing. Image: Morgan Stanley Research

Eurozone Bank Lending Flow to Non-Financial Corporations Bank lending in the European area is contracting, which is unusual outside of crises. Image: BofA Global Investment Strategy

Eurozone Real M1 Money Supply Growth vs. Real GDP Growth This chart suggests the relationship between real M1 growth and euro area GDP growth. Image: Longview Economics

U.S. Equities at 70-Year Highs vs. European Equities Are European stocks more attractive than U.S. stocks? Currently, the euro area economy is more impacted by the global slowdown than the U.S. economy. And investors also think that the euro area economy is less resilient than the U.S. economy in the event of a shock. Image: BofA…