BCA Research’s Emerging Markets Strategy service remains overweight Mexican financial markets relative to their EM counterparts on a cyclical and structural basis. While Mexican markets will suffer in absolute terms with…
The US Q3 GDP release delivered a positive signal about the US economy. Economic growth accelerated from 2.1% q/q to 4.9% q/q on an annualized basis – beating expectations of 4.5%. A significant acceleration in consumption…
As expected, the Bank of Canada kept its target for the overnight rate unchanged at 5% for the second meeting in a row on Wednesday. The Bank cited clear evidence of the impact of elevated interest rates on demand —…
This week’s report contains an update on the Treasury curve’s recent bear-steepening trend and a look at different measures of long-maturity Treasury valuation.
Results of the ECB's Q3 Bank Lending Survey indicate that the impact of tight monetary policy is weighing down on lending conditions and loan demand in the Euro Area. In terms of credit standards, the survey results reveal…
So far, 2023 is proving to be a year of two phases for global equity markets. Despite the bout of bank turmoil which weighed on equities in Q1, stocks rallied for the most part of the first seven months of the year. This rally…
The flash PMI estimates from S&P Global delivered a mixed message about economic conditions across DM economies in October. The Eurozone composite index unexpectedly fell from 47.2 to a nearly three-year low of 46.5 on the…
In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
This year's rally in US equities has for the most part been narrow in breadth. The 19.5% increase in the S&P 500's price index in the first seven months of the year exceeds the equal weighted index's 9.5% gain…