The latest Coutts Wealth Watch, entitled 'EBC to loosen up', comes from investment strategist George Tsapouris
Thursday’s eurozone data, showing very low inflation and unemployment stuck at a record high, stress the need for greater stimulus. We see further monetary easing, supporting our positive view on European equities.
Not reacting to the Fed
Central banks in developed markets continue to provide abundant liquidity to support the global recovery. But as the latest eurozone inflation (0.7%) and unemployment (12.2%) figures highlight, more easing from the European Central Bank (ECB) will ultimately be needed.