Pimco Says ECB May Not Even Raise Rates at All

The video discusses the implications of low yields in Germany and Switzerland, highlighting a significant economic slowdown in Europe due to factors like global trade weakness and local disruptions. The European Central Bank (ECB) is expected to maintain a patient stance, with interest rate hikes unlikely. The video also examines market distortions, bond valuations, and investment strategies, emphasizing caution in risk assets due to macroeconomic and political risks, particularly in Italy and France.

What is the current situation regarding risk assets in Europe?

In which sectors does the speaker see potential value in Europe?