Daily Europe

The European Central Bank is expected to adopt a more measured approach to interest rate hikes as energy prices decline and recent inflation data shows cooling. UBS favors quality fixed income and remains positive on Japanese equities.

Key Takeaways

• 1.Recent declines in energy prices and national inflation data from Germany and France suggest the ECB will likely maintain a moderate approach to further interest rate hikes.
• 2.UBS maintains an 'Attractive' rating on Japanese equities, noting strong long-term inflows from European investors.

Table of Contents

• ECB caution on inflation does not mean aggressive hiking
• Caught our attention
• US job openings rise in May
• Market update
• Global asset class preferences definitions
• Appendix

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