BCA Research’s European Investment Strategy service concludes that despite the ongoing recovery, the European economy will face significant headwinds in the first half of the year. China’s economic travail…
BCA Research’s Foreign Exchange Strategy service expects the Swiss franc to benefit in the very near term as volatility stays elevated. The CHF is as much driven by global dynamics as domestic actions by the SNB. With…
Euro Area CPI inflation jumped 0.8 percentage points to 4.9% y/y in November – a record high and above expectations of a 4.5% increase. The core measure also surprised to the upside and climbed higher above the 2% target to…
BCA Research’s European Investment Strategy & Global Fixed Income Strategy services conclude that Swedish sovereign debt is not an attractive underweight candidate in global government bond portfolios. Their Riksbank…
The Swedish new-orders-to-inventories ratio is a leading indicator of the global manufacturing cycle. Sweden is a small open economy that is very sensitive to global growth dynamics. Moreover, Swedish exports are weighted towards…
Both the current and forward-looking components of the ifo Business Climate Index deteriorated in November, sending a negative signal about German sentiment. The headline series lost 1.2 points and fell to a 9-month low of 96.5…
Germany’s Social Democrats (SPD), Greens, and Free Democrats (FDP) formed a new government with the SPD’s Olaf Scholz replacing Angela Merkel as chancellor. The FDP – whose leader, Christian Lindner, will become…
According to BCA Research’s European Investment Strategy service, EUR/USD weakness reflects more than USD strength. First, investors are increasingly differentiating between the Eurozone and the US inflation picture.…
Highlights The euro has entered a period of acute stress. Some of the EUR/USD’s plunge reflects the dollar’s broad-based strength. The dollar is supported by the market’s pricing of the Fed and China’s…