According to BCA Research’s China Investment Strategy service, Beijing will engage in ongoing negotiations with the EU regarding its import tax decision rather than impose meaningful retaliatory measures. The EU and…
Nvidia is now the largest company in the world. Its market capitalization has not only surpassed Microsoft’s, it also tops the entire stock market capitalizations of the UK and France. While Nvidia founders and owners are…
The heart of the US manufacturing sector is still pulsing. Industrial production surpassed expectations in May, growing by 0.9% m/m after having stagnated in April. Notably, the pro-cyclical manufacturing production index…
The equity risk premium (ERP) allows investors to assess the additional compensation they are offered as an enticement to assume equities’ incremental risk. The ERP measures equities’ excess return by deduct…
US retail sales were mostly unchanged, growing by a mere 0.1% m/m in May, short of the expected 0.3% monthly increase. A 2.2% m/m decline in gasoline stations’ sales weighed on the overall result, though retail sales…
Eurozone equities sold off 7% from their June 6 highs, according to MSCI indices. The surprise French legislative elections and renewed fears of populism and European Union exits are spooking investors. Yet, our European…
Declines in Chinese new and used home prices accelerated in May to 0.71% m/m and 1.00% m/m respectively, and the contraction in residential investment deepened to 10.1% YTD y/y. These figures come on the heels of relaxed purchase…
Chinese retail sales grew 3.7% y/y in May, from 2.3% in April, upending expectations of a more muted 3.0% increase. The government appliance trade-in program has likely boosted these figures. Sales of home-related goods such…
European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?
