While the housing downturn will be fairly mild in the US, it will be more severe abroad. Continue to favor bonds of countries whose housing fundamentals will limit rate hikes.
The December increase in China’s CPI inflation rate raises the question of whether deflationary pressures are likely to recede as the country’s economy reopens. Notably, the core figure increased for the first time…
Why will Chinese consumer spending recover but not its industrial sectors? Will China's reopening boost the global business cycle and inflation? How fast will US core inflation fall and what are the implications for corporate profits…
According to BCA Research’s China Investment Strategy service, there is more downside for both Chinese and global semiconductor share prices. China’s semiconductor stock indexes − both offshore and A-…
Chinese aggregate financing surprised to the downside in December, growing by CNY 1.31 trillion following CNY 1.99 trillion previously, and below expectations of CNY 1.85 trillion. In addition, M1 and M2 measures of money supply…
Relative to beaten-down expectations, global growth will surprise on the upside in 2023. Investors should overweight equities for now but look to turn more defensive in the second half of the year.
According to BCA Research’s China Investment Strategy service, China’s reopening and pro-growth stimulus will lift the economy from rock bottom. However, the recovery in the first half of this year will be uneven.…
How to play China's reopening? What are the dichotomies in the performance of China's plays in financial markets? Why has the Chinese central bank tightened liquidity since October and what has been the impact on local rates and the…