The ISM manufacturing PMI remained constant in September at 47.2, against expectations of a slower pace of decline and extending a six-month contraction streak. Measures of production and domestic demand decelerated at a…
According to BCA Research’s Emerging Market Strategy service, the monetary and fiscal policies announced last week are unlikely to produce a meaningful business cycle recovery in China. Below are actions the authorities…
Preliminary estimates suggested that US durable goods orders stagnated in August after having surged 9.9% m/m in July, and beating expectations they would decline. Excluding the volatile transportation component, however, durable…
According to BCA Research’s European Investment Strategy service, the surprise fiscal announcement from China’s Politburo is a very different animal from previous stimulus attempts. Although the details are still…
According to BCA Research’s Commodity and Energy strategy service, even though US crude output will continue rising, a meaningful growth acceleration is unlikely. US producers adjust their output in response to market…
This week has not been short of developments on Chinese policy. After unleashing a monetary policy blitz, the authorities held an unscheduled Politburo meeting resulting in a pledge to take actions towards stabilizing the housing…
In a widely expected move, the Riksbank lowered its policy rate from 3.5% to 3.25% in September, marking its third cut this year. It embarked on its easing cycle in May, leading many other DM central banks, and has been…
According to BCA Research’s European Investment Strategy, the low rate of innovation in Europe is a major problem for the economy. Not only does it prevent Europe from standing at the technological frontier, but it also…
According to BCA Research’s Emerging Markets Strategy service, investor sentiment in Vietnamese markets has soured significantly since 2022, when the authorities' sweeping crackdown on alleged corruption in the real…