Singapore’s trade numbers continue to send a warning for the global economy. The year-on-year pace of decline in non-oil domestic exports deepened in April after slowing in the prior two months. Importantly, the weakness…
According to BCA Research’s Emerging Markets Strategy service, investors should stay underweight Indonesian equities within Emerging Market and Emerging Asian equity portfolios. Unprecedented export earnings have pushed…
The latest Chinese economic data releases for April signal a disappointing domestic recovery. Weak economic conditions during the Shanghai lockdown last April created a low base effect which boosted the annual comparison.…
Results of Turkey’s presidential election show incumbent President Recep Tayyip Erdogan securing 49.5% of the votes in Sunday’s contest – ahead of his rival Kemal Kilicdaroglu’s 44.9%. Although Erdogan…
The Turkish presidential election will go to a runoff in two weeks, but President Erdogan outperformed his opinion polls. His party, the incumbent AKP, won a majority in parliament. This outcome rewards Turkey’s inflationary policies…
Chinese economic data sent a disappointing signal about the country’s economic recovery. CPI inflation moderated to 0.1% y/y – its slowest pace since February 2021. Similarly, the pace of decline in producer prices…
Erdogan will most likely lose the Turkish election but it could go onto a second round. A strong opposition majority in the assembly would justify a tactical overweight in Turkish equities on a relative basis. For now, go long…
BCA Research’s China Investment Strategy service expects the recovery in China’s economy (other than the consumer sector) to underwhelm. A recent conversation with a one of China’s most prominent and…
This week we are sending you a transcript of my conversation with one of China’s most prominent and influential pro-market economists. Topics raised during my conversation with this Chinese expert may offer our clients important…
China’s trade release shows exports grew for the second consecutive month in April. However, base effects are distorting the signal. In particular, the two-month-long Shanghai lockdown that started at the end of March 2022…