Economy

It is too early for the RBA to begin cutting rates. Inflation remains above target, with core CPI currently standing at 3.4%, one of the highest numbers amongst major economies. The labor market is also fundamentally strong. Australia’s unemployment rate…

2 years ago

Essentials

Sweden PMIs Send Optimistic Global Growth Signal

As a small open economy, Sweden’s economic performance is a good barometer of global growth developments. Swedish PMIs for March were overall positive. The Manufacturing PMI rose to the 50 boom-bust line following 19 consecutive months of contraction and…

2 years ago

Essentials

Colombia: Macroeconomic Fundamentals, Public Finances, And Political Uncertainty Warrant Underweight

BCA Research’s Emerging Markets Strategy service argues that Colombia has fallen from grace in terms of its healthy macroeconomic fundamentals, business-friendly government policies, and conservative fiscal stances. Since the election of President Gustavo…

2 years ago

CoreMacro

What Will Spoil The Party?

Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it should reduce their positions for now.

2 years ago

Essentials

European Inflation Falls Below Expectations

Flash estimates for Euro Area inflation in March surprised to the downside. Headline inflation slowed from 2.6% to 2.4% versus expectations of 2.5% and core inflation eased from 3.1% to 2.9% versus expectations of 3%. While the stickiness of services…

2 years ago

Essentials

ISM Services Prices Paid At A Post-Pandemic Low

The US manufacturing sector appears to be enjoying a revival. As we highlighted yesterday, the ISM manufacturing PMI unexpectedly returned to growth in March and the S&P Global US manufacturing PMI remains in expansion territory. Yet, service sector…

2 years ago

Essentials

Will Japanese Value Continue Its Run?

The extraordinary performance of AI companies has pushed US growth stocks to new highs. So far, the MSCI US Growth Index has returned almost 11% since the start of the year, outperforming global stocks by over 3%. No growth index from the rest of the world…

2 years ago

Essentials

China’s Infrastructure Investment Will Slow In 2024

According to BCA Research’s China Investment Strategy service, the growth rate of China’s infrastructure investment will likely slow from a nominal 9% last year to about 6% this year. Funding constraints will limit local government capability to invest in…

2 years ago

CoreMacro

Introducing Complexities Of The World’s 17 Major Investments

The analysis of complexity is a massive competitive advantage in investing, and from today, clients will be able to monitor the complexities of the world’s 17 major investments on our webpage in real-time.

2 years ago

CoreMacro

China’s Infrastructure Investment: How Strong In 2024?

Special Report

Due to funding constraints, China’s infrastructure investment nominal growth rate will likely slow from 9% in 2023 to about 6% this year. The new issuance of Special Treasury Bonds will prevent a contraction in the country’s infrastructure spending, but it will not lead to an acceleration. Stay cautious in China’s infrastructure plays in general and steel and machinery stocks in particular.

2 years ago

China

Economy

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