The Shanghai Container Freight Index reached its highest level in 6 years. Some of the strength in China’s container trade can be assigned to idiosyncratic factors. For example, household goods demand in the US and EU is…
BCA Research's Foreign Exchange Strategy service examines various options available to the HKMA to adjust the HKD peg. On sensible option would be to peg the HKD to the Chinese RMB. The Hong Kong economy is now heavily…
Highlights The stock market can apparently ignore the intensifying US-China conflict as long as massive monetary and fiscal stimulus continues. Hence the ongoing “stimulus hiccup” is a big problem. Ultimately a stimulus…
Dear clients, The Foreign Exchange Strategy will take a summer break next week. We will resume our publication on September 4th. Best regards, Chester Ntonifor, Vice President Foreign Exchange Strategy Feature The economy of Hong…
BCA Research's Emerging Markets Strategy service recommends that dedicated EM equity investors maintain an underweight position in India within an EM equity portfolio. The strong rally in certain mega-cap stocks has masked…
The growth rate of Singapore’s non-oil domestic exports slowed in July to a 6% annual rate. However, this is a noisy series; the trend in the growth rate of exports continues to improve. The trend in Singapore’s…
Chinese investment and retail sales data surprised slightly on the downside in July. Retail sales, for example, fell by 1.1% year-on-year, better than the 1.8% decline in June, but below the consensus expectation of +0.1%. The…
Highlights The strong rally in certain mega-cap stocks has masked the muted revival in the broad equity universe. Limited fiscal stimulus and a broken monetary transmission mechanism herald lackluster economic and profit recoveries.…
BCA Research's Commodity & Energy Strategy and Geopolitical Strategy services conclude that the Beirut blast calls attention to instability in the Shia Crescent. The August 4 explosion at the Port of Beirut was…