According to BCA Research’s Counterpoint service, it is possible that there will be a jobs recession without an economic recession in the US, as happened in 2001. The Fed is “trying to cool demand and work with…
The S&P GSCI broad commodity index has returned 8% year-to-date. Improving investor sentiment has significantly broadened the rally since the beginning of the year. Over 65% of commodities in the index are now trading above…
US initial jobless claims increased from 209 thousand last week to 231 thousand, surpassing expectations of 212 thousand. Moreover, continuing claims also surprised to the upside, increasing from 1.768 million to 1.785 million…
The revival in global growth momentum continued in April. The JPM Global Manufacturing PMI came in at 50.3, marking its third consecutive month of expansion. Details underscored solid demand conditions. Output and new orders…
The Reserve Bank of Australia (RBA) left its policy rate unchanged at 4.35% at its May meeting, in line with expectations. The statement highlighted that inflation continues to moderate, though at a slower-than-expected pace.…
The final estimates of Spain's and France’s services PMIs were revised upwards of expectations in April, increasing from 56.1 to 56.2 and from 50.5 to 51.3 respectively. The services European harmonized PMI also…
Investors should prepare for economic data to weaken even as policy uncertainty and geopolitical risk skyrocket ahead of the US election.
According to BCA Research’s European Investment Strategy service, US and Euro Area growth will likely converge in the next 12 months. Fiscal policy differences were the most visible headwind to Eurozone growth last…
The preliminary nonfarm labor productivity estimate increased by an annualized 0.3% in Q1, below both the previous quarter’s 3.5% rate and expectations of 0.5%. Meanwhile unit labor costs increased by 4.7% annualized in Q1…