Our Geopolitical Strategy service cautions investors of Russian instability, which will likely push up the global equity risk premium in the next few months. After some developments during the weekend, Vladimir Putin and his…
Industrial metals have been rallying in recent weeks. The London Metals Exchange Metals Index (LMEX) – a weighted index that captures the price movement of primary aluminum, zinc, nickel, lead, copper, and tin – has…
According to BCA Research’s China Investment Strategy service, a sustainable recovery in Chinese property construction is unlikely. The deterioration in China’s property market indicators worsened in May. Home…
China is facing a risk of deflation. Marginal interest rate cuts and targeted stimulus will be insufficient to boost China’s growth given the current deflationary mindset and the danger is that the economy may be entering a liquidity…
China’s economic data releases for May fell below consensus estimates. The 7.2% y/y contraction in property investment in the first five months of the year was worse than the expected 6.7% decline. The deceleration in…
The normalization of oil storage markets in the Northern Hemisphere; strong demand, aided by China stimulus this year; and continued production discipline supports our view Brent prices likely have bottomed, and will move higher from…
Policymakers will likely continue to stimulate domestic demand via targeted measures and piecemeal stimulus. Yet, the economy will disappoint unless Beijing provides “irrigation-style” stimulus. The latter is not our base case…
Policymakers will likely continue to stimulate domestic demand via targeted measures and piecemeal stimulus. Yet, the economy will disappoint unless Beijing provides “irrigation-style” stimulus. The latter is not our base case…