After having faced strong selling pressures since the beginning of the year, Chinese stocks have stabilized in recent weeks. Investor sentiment towards Chinese stocks appears to be improving amid positive policy developments.…
Listen to a short summary of this report. Executive Summary US Financial Conditions Have Tightened Significantly This Year US financial conditions have tightened by enough that the Fed no…
Executive Summary Credit Demand Collapsed Business activity data from April showed a broad-based contraction in China’s economy. Credit growth tumbled as demand collapsed. Bank loan expansion slowed by the most in…
The PBoC reduced the five-year loan prime rate – the mortgage reference rate – by 15bps on Friday to 4.45%, below expectations of 4.55%. This marks the latest attempt by Chinese policymakers to revive the housing…
Taiwanese export orders for April sent a negative signal about the global manufacturing cycle. Overall export orders contracted by 5.5% y/y, a massive disappointment to expectations of a slowdown in the annual rate of increase…
Listen to a short summary of this report. Executive Summary The US Inflation Surprise Index Has Rolled Over Global equities are nearing a bottom and will rally over the coming months as…
Executive Summary The Fed will continue to hike rates at a time when global trade is contracting. Earlier this week, Fed Chairman Jerome Powell reiterated that the Fed will not hesitate to hike rates until core consumer price…
BCA Research’s China Investment Strategy service concludes that China’s food price inflation is not immune to the higher prices of global agricultural products. China is well stocked with food reserves and does not…
Prices of newly built homes in 70 Chinese cities declined by 0.3% m/m in April, marking the eighth consecutive monthly decline. Home prices in both second- and third-tier cities declined last month, while the pace of increase in…
Executive Summary Increase In Chinese Ag Prices Has Been Much More Muted Than Globally China’s food price inflation accelerated in April. The rising cost of global agricultural goods and domestic COVID-related…