Evan Brown (UBS AM) | …But as the importance of fiscal policy increases for economic stabilization, uncertainty about its effects also increases.
Juan J. Fdez-Figares | The catalysts for the new flight from risk was the publication on Friday in the Eurozone and its two principal economies, France and Germany, of various advanced indices for activity in March, what are known as the PMIs, which were well below that expected by analysts.
James Alexander via Historinhas | It’s taken a while but the evidence is now in. Euro Area NGDP growth has overtaken US NGDP growth. Congratulations to the ECB, commiserations to the Fed. Go Europe!
LONDON | UBS analysts | Actual reported earnings are showing strong numbers; based on reported earnings so far Q2 is one of the strongest seasons in c. 5 years.