Tag Archives: Eurozone

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Cumberland Advisors Market Commentary – UK Voters’ Dilemma: Johnson or Corbyn?

Author: William Witherell, Ph.D., Post Date: November 27, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

On December 12th, UK voters will participate in a general election to determine the composition of the next government. The manifestos of both the Conservative Party and the Labor Party contain elements that should concern investors. Jeremy Corbyn’s hard-left Labor Party intends to convert the UK into a socialist economy through sweeping nationalizations (railways, broadband […]

Cumberland Advisors Market Commentary – Eurozone Economy Risks A Decline With Divided Central Bank

Author: William Witherell, Ph.D., Post Date: October 4, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The latest September data for the eurozone economy from IHS Markit present a deteriorating picture, with the demand for goods and services falling at its fastest rate in over six years and a deepening recession in manufacturing. Sentiment about the future, affected by concerns about global growth prospects, trade wars, and geopolitical uncertainties, remains at […]

Cumberland Advisors Market Commentary – Britain’s Constitutional Crisis

Author: William Witherell, Ph.D., Post Date: September 4, 2019
BREXIT

“A constitutional outrage” exclaimed the traditionally neutral House of Commons Speaker, John Bercow. “An affront to democracy … an intolerable attempt to silence Parliament,” declared the editorial in the August 29th Financial Times. These were reactions to Prime Minister Boris Johnson’s request to the queen to shut down the UK Parliament for five weeks, via […]

Cumberland Advisors Market Commentary – Draghi Signals “You Go First” to the Fed While Johnson Threatens

Author: William Witherell, Ph.D., Post Date: July 29, 2019
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

The European Central Bank (ECB) did not reduce key interest rates at its July meeting ending last week, contrary to the expectations of some observers. This decision leaves the US central bank, the Federal Reserve, to take the lead with a widely forecast rate cut at its meeting this week. However, ECB president Mario Draghi […]

Cumberland Advisors Market Commentary – Investing in European Equities

Author: William Witherell, Ph.D., Post Date: July 10, 2019
Market Commentary - Cumberland Advisors - EUROPE MAP

Just days after US President Trump announced a ceasefire and resumption of trade negotiations with China, the US Trade Representative proposed new tariffs on 89 European Union (EU) goods worth $4 billion. These levies are in response to concerns about aircraft subsidies and would be added to the $21 billion list of potential tariffs the […]

EU Election: Negative But Could Have Been Worse

Author: William Witherell, Ph.D., Post Date: June 3, 2019
Market Commentary - Cumberland Advisors - EUROPE MAP

The results of the European Union’s Parliamentary elections, held the last weekend in May, were welcomed by investors as being not as bad as many had feared. A broad populist and nationalist anti-EU surge, which had looked possible, was avoided. Pro-EU lawmakers will continue to be in a clear majority, aided by gains by green […]

Eurozone Economy’s Expansion Ongoing and Broad-Based, Downside Risks Worrying

Author: Bill Witherell, Ph.D., Post Date: September 24, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

The European Central Bank (ECB) left its monetary policy stance unchanged at its September 13 meeting. Net asset purchases will end in December, but with the Bank’s maintaining its stock of assets, the reinvestment of redemptions will maintain substantial stimulus. No increase in policy interest rates is signaled until at least after the end of […]