China’s equity market is the worst performing major global bourse so far this year. The CSI 300 Index is down 23.6% year-to-date in USD terms. This is even worse than the Euro Stoxx 50’s 19% drawdown amid energy…
Russia’s state-owned Gazprom cut off natural gas exports to Poland and Bulgaria on Wednesday in response to their refusal to pay for natgas purchases in rubles. This decision marks a further deterioration in the…
Russia’s move to halt natural gas exports to Poland and Bulgaria (see Indicator Spotlight) has increased geopolitical uncertainty in Central Europe and will negatively impact Polish financial markets. BCA’s Emerging…
Executive Summary Economic Growth in Q2 Will Be Much Softer China’s GDP headline growth in Q1 was better than consensus, but it does not capture the full economic impact of ongoing city lockdowns. Other than…
Executive Summary Summarizing Our Main Investment Themes In One Chart Our current strategic recommendations are centered around four key themes: global inflation will slow over the rest of 2022, Europe remains too weak to…
After dropping 26% in the second half of last year, the front-month iron ore futures contract traded on the Dalian Commodity Exchange has been climbing higher this year. Weather-related disruptions to mine operations in Brazil,…
The RMB slid 2% last week in an aggressive selloff that abruptly pushed the currency to its weakest level since August. Multiple forces are behind this weakness. First, PBoC policy has diverged from its global peers. The…
Listen to a short summary of this report. Executive Summary Small Caps Are Looking Attractive Relative To Their Large Cap Peers Adverse supply shocks have pushed down global growth this year…
Executive Summary Brent Stable As Demand + Supply Fall Oil demand growth will slow this year and next by 1.6mm b/d and 1mm b/d, respectively. These expectations are in line with sharp downgrades in World Bank and IMF…