Taiwanese export orders for April sent a negative signal about the global manufacturing cycle. Overall export orders contracted by 5.5% y/y, a massive disappointment to expectations of a slowdown in the annual rate of increase…
Listen to a short summary of this report. Executive Summary The US Inflation Surprise Index Has Rolled Over Global equities are nearing a bottom and will rally over the coming months as…
Listen to a short summary of this report. Executive Summary EUR/JPY And The DXY: Unsustainable Gap Three interrelated themes are likely to play out by the end of 2022 – peak Fed hawkishness,…
Executive Summary Loss Of Russian Production Will Lift Brent With German imports of Russian oil close to 10% of its total requirements – following an impressive decline from 35% pre-invasion – we expect the EU to…
Executive Summary The Fed will continue to hike rates at a time when global trade is contracting. Earlier this week, Fed Chairman Jerome Powell reiterated that the Fed will not hesitate to hike rates until core consumer price…
BCA Research’s China Investment Strategy service concludes that China’s food price inflation is not immune to the higher prices of global agricultural products. China is well stocked with food reserves and does not…
Prices of newly built homes in 70 Chinese cities declined by 0.3% m/m in April, marking the eighth consecutive monthly decline. Home prices in both second- and third-tier cities declined last month, while the pace of increase in…
Executive Summary Increase In Chinese Ag Prices Has Been Much More Muted Than Globally China’s food price inflation accelerated in April. The rising cost of global agricultural goods and domestic COVID-related…
According to BCA Research’s Emerging Markets Strategy service, Brazil’s economy is heading into another recession in H2 this year. Inflation in Brazil continues to surprise to the upside: headline CPI is 12%, core…