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How the Netherlands’ 2025 election can restore EU stability, and boost green investment Executive Summary Following the collapse of the coalition government, the Netherlands headed to the polls on Wednesday. Going into the elections, many expected the far-right, anti-Islam Freedom Party (PVV) of Geert Wilders to come out on top, after it pulled out of the coalition in June over immigration disputes. By Thursday morning, however, it became clear that the liberal D66 party was

Executive Summary Core thesis: We are bearish on EUR/USD, targeting a decline to 1.1450 in Q4 2025, potenঞally pushing lower to 1.1000 in Q1 2026. This contradicts the consensus view of “mildly bullish”, as we anticipate that the Fed will be unable to cut rates as aggressively as already priced due to sticky inflation. Simultaneously, we expect that the Eurozone’s economic stagnaঞon will force the European Central Bank (ECB) to cut rates earlier and deeper than expected. We

Executive Summary ITV is entering 2026 in a stronger position. The UK advertising market is forecast to grow by a healthy 5-6%, with spending on digital ads growing even faster. A major boost will come from the men’s FIFA World Cup, which is expected to provide a significant, one-off uplift to traditional TV advertising. There is even a rumoured takeover by Sky, adding a potential layer of upside. Alongside this, ITV Studios remains the company's most reliable division, earni