Chinese industrial profit growth accelerated to 24.6% y/y in October from the prior month’s 16.3% y/y. This brings the year-to-date increase in profits to 42.2% y/y for the first 10 months of the 2021. Higher commodity…
Turkey’s unorthodox macroeconomic policies have backfired again. After a 100-bps interest rate cut by the Central Bank of Turkey (CBTR) at their latest meeting, the Turkish lira has plunged by 15%. Still, the central…
Indonesia’s domestic demand is struggling to recover in the face of a very tight policy setting. Domestic consumption and consumer confidence are languishing well below pre-pandemic levels. Real borrowing costs for the…
Dear Client, Next week, we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end of each year to discuss the economic, financial and commodity market outlook for the…
According to BCA Research’s China Investment Strategy service, regulators have been slow to backtrack property market reforms because China’s fiscal deficit has narrowed this year. In previous property market…
The Mexican peso has weakened sharply vis-à-vis the USD over the past three weeks, dropping to its lowest level since early March. It was the second worst performing emerging market currency on Wednesday, falling nearly 1…
Dear Client, We will be working on our 2022 Outlook for China, which will be published on December 8. Next week we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end…
Chilean financial markets rallied following the first round of the presidential elections which ended in favor of conservative candidate José Antonio Kast. Kast secured 27.9% of the votes and came in slightly ahead of his…
Taiwanese export orders decelerated sharply in October which suggests that global demand for manufactured goods is softening. Aggregate orders rose 14.6% y/y following a 25.7% y/y increase in September, and fell below…