Key highlights:
The strong performance in the equities have been supported by the de-risking of the energy supply woes and a milder winter.
Belief that the EECB will start cutting rates before the end of the year.
Input prices are on a decline across a range of sectors which would help ease the inflationary pressures across the economy.
US Unemployment stands at 3.6% while the Euro-zone stands at 6.6%
Higher interest rates have a nasty habit of delivering unintended consequences and triggering financial accidents.
European banking regulations are much tougher than those faced by the regional US banks.
Falling energy prices have caused headline inflation to drop but the core inflation remains high and is even increasing in some regions.
Inverted yield curves point to a European and UK recession.
Source: Lazard
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