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By Farah Elbahrawy
(Bloomberg) — The weak medium-term inflation outlook
implies the central bank will have to step up its asset-purchase
program after the PEPP expires in March, according to BlackRock
Investment Institute. 
* Also note investors should watch out for the longer-term
policy implications of a new governing coalition in Germany,
strategists including Wei Li and Elga Bartsch write in a note
** “A more conservative fiscal stance in Germany could
complicate matters for Europe if monetary policy alone is not
enough to bring low inflation back up to target,” they write
* Say European equities valuations look even more attractive
than at the start of the year due to strong earnings; add that
investor inflows are just starting to pick up
** READ: In This Rally, Some Sectors Are Still Very Cheap:
Taking Stock

To contact the reporter on this story:
Farah Elbahrawy in Dubai at felbahrawy@bloomberg.net
To contact the editors responsible for this story:
Ksenia Galouchko at kgalouchko1@bloomberg.net
Abigail Moses