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Special Report Executive Summary Major EM’s Defense Spends Will Be Comparable To That Of Developed Countries ​​​​ Tectonic geopolitical trends are taking shape in Emerging Markets (EMs) today that will leave an indelible imprint on the…
Executive Summary Higher Prices Expected  Global oil supply will move lower for a few months, until shipping can be re-routed and re-priced in response to sanctions against Russian oil producers and refiners.  In the…
  BCA Research’s China Investment Strategy service concludes that China faces substantial challenges in expanding its economy. China set an ambitious economic growth target of 5.5% for the year, relying on fiscal stimulus…
  Global equity markets enjoyed a healthy rebound on Wednesday. Asian equities led the move higher as pledges from Beijing to support the economy and capital markets improved sentiment among investors. Hong Kong’s Hang Seng…
Dear Client, Next week, in lieu of our regular weekly report, I will be hosting two webcasts where I will discuss our view on China’s economy and financial markets. In particular, I will share our view on the announced economic…
  Key indicators of Chinese domestic economic activity in February such as industrial production, fixed assets investment, retail sales, and property investment all generated relatively substantial positive surprises. However, the…
Special Report Executive Summary Is Factor Investing Dead?  After decades of outperformance, in the past few years equity factors have started to underperform the broad indexes. But this may just be because US-centric factor research and…
  China’s zero tolerance policy towards the COVID-19 virus is a source of downside risk to the near-term economic outlook. Multiple Chinese cities have been placed under lockdown in an effort to tame surging COVID-19 cases…
  Chinese money and credit data were weaker than expected in February. New total social financing amounted to RMB1.19 trillion – below January’s RMB6.17 trillion surge and lower than expectations of a RMB2.20 trillion…
Special Report Dear client, This week we are sending you a joint Special Report with my colleague Chester Ntonifor, Foreign Exchange Strategist. The Special Report provides our outlook on the RMB. I trust that you will find the report very insightful.…