UBS' Brown Says Hawkish ECB Behind Euro's Strength

The video discusses the persistent inflation problem in Europe and the European Central Bank's (ECB) hawkish stance. It compares the economic progress between the US and Europe, highlighting the core inflation issue in Europe and the impact of rate differentials. The discussion also covers the negative correlation between risk assets and the Euro, and the potential support for the Euro from global manufacturing improvements. Additionally, the video examines China's economic situation, noting that much of the bad news is already priced in, and how marginal policy changes, like reduced travel restrictions, could positively influence the Euro and European luxury markets.

In what ways could a turn in global manufacturing impact the Euro?

How might consumer confidence in China influence the European luxury market?