We dig into the USD-denominated Emerging Market Sovereign Index to see which credit tiers and countries offer value relative to US Credit.
The stock market will suffer a setback from the weakening labor market and a rebound in US and global policy uncertainty.
According to BCA Research’s China Investment Strategy service, a decisive turnaround in China’s economy hinges on a revival in the country’s property market. The April 30th Politburo meeting signaled…
A reality check on credit data and announced property sector support measures indicates that the recent surge in Chinese share prices is unjustified based on the country's economic fundamentals.
According to BCA Research’s Geopolitical Strategy service, Indian Prime Minister Modi is on track to be reelected for his third term, with the latest polls in April averaging 385 seats for the National Democratic Alliance,…
According to BCA Research’s Geopolitical Strategy service, Mexico’s presidential election on June 2 is likely to produce policy continuity, but a big win for the ruling party would be market-negative, at least…
Chinese aggregate financing, a broad measure of credit, declined on a YTD basis, from CNY 12.9tr to CNY 12.7tr in April, disappointing expectations that it would grow to CNY 13.9tr. Moreover, new loan growth missed expectations (…
German Bunds have cheapened considerably, and the ECB is about to start cutting rates. Does this combination guarantee immediate profits from buying these bonds?
Upward growth revisions for China and India have led the IMF to recently upgrade its 2024 growth forecast for Asia to 4.5% from 4.2%. The regional growth forecast for 2025 remains unchanged at 4.3%. The IMF now expects the…