Over the past few months we have been highlighting that there are some budding signs of a recovery in global manufacturing activity. Most notably, the new orders-to-inventories ratio of Sweden’s manufacturing PMI has been…
According to BCA Research’s Commodity & Energy Strategy service, after falling 80% over the past year, lithium prices will continue to trade lower. Lithium is critical for green technology and defense equipment,…
Thursday’s Chinese CPI and PPI release for January indicates that deflationary pressures continue to dominate the domestic economy. On the consumer side, prices registering the fastest pace of annual decline in 15 years.…
According to BCA Research’s Emerging Markets Strategy service, Chilean bank stocks offer great value and are poised to outperform the EM equity benchmark. Chilean bank share prices are well-positioned to outperform due…
Banks were thrust back in the spotlight’s unflattering glare last week when mid-cap regional New York Community Bank shocked analysts and shareholders with an enormous credit loss. According to BCA Research’s US…
Although our base case remains that a continuation of the disinflation process will allow policymakers to pivot to rate cuts this year, we continue to monitor risks to this outlook. On this front, some key indicators have…
German factory orders delivered a positive surprise on Tuesday, unexpectedly increasing on both a monthly and annual basis. The 8.9% m/m increase in December came in well above consensus estimates of a 0.2% m/m decline. This…
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ views on tech stocks, the US economy in 2024, and China’s contribution to global growth. Regarding tech stocks, 44%…
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) continues to show the impact of the Fed’s tightening cycle. Banks were still tightening lending standards for commercial and industrial (C&I),…