US Initial jobless claims declined from 222 thousand to 211 thousand in the week ending April 5, below expectations of a less pronounced decrease to 215 thousand. On a seasonally unadjusted basis, the number increased to 214…
Chinese trade and credit data delivered a negative surprise for March. On the trade front, the 7.5% y/y drop in exports came in below expectations of a 1.9% y/y decline following four consecutive months of growth. While the jump…
In this insight, we calibrate our investment views based on the latest Bank of Canada decision.
According to BCA Research’s Emerging Markets Strategy service, peaking property prices will remove the sole tailwind behind the Emirati Stock Market. Over the past couple of years, the Emirati stock market has been…
The NFIB’s small business optimism index decreased by 0.9 points to 88.5 in March, missing expectations of 89.9, and reaching its lowest level since 2012. A few things stood out from the report: Labor market…
Fears of a hard landing are abating as growth has been surprising to the upside. New worries are emerging, such as the trajectory of disinflation, and the pace and timing of rate cuts. In this environment, it is important to build a…
Commodities are making headlines with the prices of crude oil, copper, and gold all making sizeable gains since mid-February. Multiple forces have been cited as drivers of the rally across these commodities. Increased…
The recent rise in market-based inflation expectations has caught the attention of market participants. Some investors have begun to worry that the Federal Reserve might be losing control of its inflation mandate by cutting rates…
German industrial production growth accelerated from an upwardly revised 1.3% m/m to 2.1% m/m in February, registering the fastest pace in 13 months and largely beating expectations of a slowdown. A 7.9% m/m increase in the…
BCA Research’s Foreign Exchange Strategy service maintains a neutral view on the dollar for the next three months. The team continues to believe that the dollar is due for a long-term bear market, but momentum is in…