Nick Andrews
Europe Analyst
Nick has spent the last 12 years involved in trading, analyzing or writing about European markets and the global economy. At Morgan Stanley for seven years he divided his time between the interest rate swap and repo markets before returning to university to complete a masters in economics. During that time he also wrote for the Wall Street Journal covering fixed income markets. After graduating in 2011 from London's Birkbeck College, he worked for David Roche's investment consultancy, Independent Strategy, before joining Gavekal Research in 2013. Nick also has a degree in engineering from Edinburgh University.
For Nick's article archive click here.
The Daily
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Gavekal Research
April 16, 2018
No Time To Give Up On Europe
Even as winter descended in January, the economic climate seemed decidedly balmy. Eurozone growth for 4Q17 came in at 2.7% YoY, while the year’s first PMI peaked at a post-2006 high of 58.8. Investors liked the idea of deflation finally being slain and a possible earlier-than-expected normalization of monetary policy.
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Gavekal Research
March 14, 2018
A Fork In The Road For European Equities
In the first half of last year making money in European stocks was easy as benchmarks steamed higher on hopes that less political risk would allow an economic surge into sunlit uplands. It has not exactly worked out that way.
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Gavekal Research
March 8, 2018
What A Trade War Means For Europe
The departure of free-trader Gary Cohn from the Trump administration has investors rightly concerned that a global trade war may loom. Markets rallied yesterday on reports that the US may carve out exclusions for its steel and aluminum tariffs, but President Donald Trump seems set to announce a punitive package as early as today.
Ideas
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Gavekal Research
February 12, 2018
Five Ways To Play European Equities
After a traumatic couple of weeks in the equity markets, Nick and Cedric take this opportunity to revisit their longstanding advice that investors should overweight European mid-caps exposed to the eurozone’s cyclical upturn.
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Gavekal Research
January 23, 2018
When Political Stagnation Is Benign
Last week, European economic affairs commissioner Pierre Moscovici declared Italy a “political risk” for the European Union. Some of the Euroskeptic campaign rhetoric has certainly been alarming.
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Gavekal Research
January 12, 2018
Spending Again In Germany
Picture the typical German consumer. The image that comes to mind is almost certainly of a deeply conservative individual: cautious, thrifty in his or her spending habits, and with a deep-seated aversion to maxing out the credit card. As with most stereotypes, this one has some foundation in experience.