The uptick in the Conference Board's Consumer Confidence Index to 102.0 pushed it above consensus estimates of 101.0 in November. Although this is a marginally positive signal, the prior month was revised down from 102.6 to…
According to BCA Research's European Investment Strategy service, given the defensive nature of Portuguese equities and the team's recession view, investors should favor the Portuguese bourse relative to Euro Area…
Chinese industrial profits for October delivered a pessimistic signal on Monday as the annual growth rate eased to 2.7% y/y. While the latest update marks the third consecutive month of profit growth, it is a sharp slowdown from…
Today, we are sending you the BCA annual outlook for 2024. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and…
Most developed market central banks have paused hiking interest rates. With interest-rate differentials having been the most important driver of currencies over the last two years or so, the focus might now shift to other factors…
Contrary to the prevalent belief in the global investment community, goods/merchandise inventories in the US and East Asia are rather elevated. Financial markets respond to final demand fluctuations, not inventory restocking. Global…
BCA Research's Commodity & Energy Strategy service concludes that lithium demand will rise over the long run. Lithium prices are continuing the selloff that began earlier this year, which was caused by strong…
European flash PMI estimates for November sent a slightly less pessimistic signal on Thursday. The Eurozone composite PMI climbed by 0.6 points to 47.1, beating expectations of a more muted increase to 46.8. Notably, both the…
According to BCA Research's Emerging Markets Strategy service, the Chilean peso’s depreciation is already quite advanced. Over the next few months, the CLP will remain under downward pressure due to a likely…
US durable goods orders delivered a negative surprise on Wednesday. New orders for manufactured durable goods dropped by 5.4% m/m in October, below consensus estimates of a 3.2% m/m decline. Moreover, the September increase was…