Highlights The decline in the US and UK July services PMIs underscores that pandemic control measures are not the only manner by which COVID-19 impacts the services sector of the economy. A slowdown in Q3 growth in advanced economies…
Highlights The post-pandemic investment phase is just a continuation of the post-credit boom investment phase. This is because the pandemic has just accelerated the pre-existing shifts to a more remote way of working, shopping and…
Emerging market currencies are highly cyclical and benefit from strong business cycle dynamics. Meanwhile, the relatively closed US economy and the greenback's safe-haven characteristics make the US dollar a defensive…
The performance of Korean stocks has deteriorated since the beginning of August and the MSCI Korea equity index (in USD) recently broke down decisively below its 200-day moving average. Further weakness cannot be ruled out…
BCA Research’s Geopolitical Strategy service maintains a pessimistic outlook on Chinese currency and assets. Chinese President Xi Jinping laid out a plan on August 18 for “common prosperity” in China that will help guide…
Highlights China’s new plan for “common prosperity” is a long-term strategic plan to bulk up the middle class that will strengthen China – if it is implemented successfully. The record on implementing reforms…
The domestic and external outlook remains bleak for Thailand. BCA Research’s Emerging Markets strategists recently highlighted that Thai demand relapsed even before the latest surge in COVID-19 infections. Weak demand means…
Highlights US crude oil output will continue its sharp recovery before leveling off by mid-2022, in our latest forecast (Chart of the Week). The recovery in US production is led by higher Permian shale-oil production, which is quietly…
According to BCA Research’s China Investment Strategy & Global Asset Allocation services, adding a simple 50-50 Chinese stock-bond portfolio may boost the return/risk profile of global multi-asset portfolios. Chinese…