According to BCA Research’s US Equity Strategy service, rising inflation benefits Utilities, Energy, and Materials, and is a headwind for the Consumer Discretionary sector. After a protracted bout of underperformance,…
Fears of a hard landing are abating as growth has been surprising to the upside. New worries are emerging, such as the trajectory of disinflation, and the pace and timing of rate cuts. In this environment, it is important to build a…
Traditionally, equity managers have thought of oil equities as cyclical. This is because, in the past, oil equities had a strong positive correlation to the overall market. But US oil equities have increasingly become more…
Europe credit flows are stabilizing, hence a major drag on the region’s growth will dissipate. What does this development imply for European equities?
Oil prices surged over the past two days on the back of heightened geopolitical risks to supply following increased tensions in the Middle East. Both Iran’s Supreme Leader Ayatollah Ali Khamenei and President Ebrahim Raisi…
In this Strategy Outlook we examine why, contrary to popular perception, the odds of a global recession over the next 12 months are rising not falling.
Crude oil prices have been steadily rising since mid-December with Brent rising to its highest level since November 2023. Both demand and supply-side forces are behind this move. The catalyst for the month-to-date gain is a…
We expect oil-demand growth to increase this year – to 1.7mm b/d from 1.4mm b/d (0.30% of total demand) – and anticipate tighter supply at the margin. Our balances estimates are unchanged, leaving our Brent price forecasts for 2024…
According to BCA Research's Commodity & Energy Strategy service, Qatar will be the winner as it takes advantage of the global energy transition towards renewables and the world fragments under economic and…
Qatar’s strategy to raise LNG output 84% by 2030 is a bold bet DM demand for energy security – and EM demand for affordable electricity to support economic and population growth – will remain a higher priority than eliminating fossil…