Following the French election, European equity markets are breathing a sigh of relief. While some structural challenges remain, strong fundamentals point towards continued European equity outperformance, triggered by reduced political tail risks.

The headwinds to globalisation are more structural than cyclical, which means those in favour of open markets have a serious challenge to overcome.

The yield of the Swedish 10 year notes fell to a new historical low. A move which indicates that Sweden is viewed by Investors as a new hedge…

Inflationary pressure has grown during the past months due to excess demand, excess lending, lack of supply, increasing costs for energy and a rise in food prices.