BCA Research’s European Investment Strategy service concludes that while the EUR/USD’s correction will run further, the current pullback is an attractive buying opportunity for investors with a 12- to 24-month…
Highlights Global manufacturing activity will soon peak due to growing costs and China’s policy tightening. This process will allow the dollar’s rebound to continue. EUR/USD’s correction will run further. This…
The German IFO Business Climate Indicator for March generated a large positive surprise, in line with the upbeat message from the flash PMIs and the GfK Consumer Climate Study released earlier last week. The headline Business…
On Thursday, the Fed made officials plans to remove pandemic-era restrictions on dividends and share buybacks for banks that clear stress tests at the end of June. As suggested by the relatively modest gains since the…
Highlights Biden’s policy on China is hawkish so far, as expected, but temporary improvement is possible. We are cyclically bearish on the dollar but are taking a neutral tactical stance as the greenback’s bounce could go…
European sentiment is improving. The GfK survey in Germany rebounded from -12.7 to -6.2 in April, the highest level since November. This progress came on the back of a surge in income expectations, which hit a 12-month high, and…
Back in January, we highlighted that global PMIs painted a bifurcated picture of the recovery from both geographic and sectoral perspectives. At the time, the US release was significantly more upbeat versus other major economies…
At first glance, the headline job numbers out of the UK were disappointing. Jobless claims increased by nearly 87 thousand and the claimant rate increased to 7.5% from 7.2%. Moreover, on a three-month basis, the UK lost 147…
According to BCA Research’s European Investment Strategy service, even though Europe will continue to trail the US this year, the summer period will see a sharp recovery in the European service sector. Investors can take…
Dear Client, Dhaval Joshi has started publishing the new BCA Research Counterpoint product, in which he will continue to apply his unique process to dig up original investment opportunities around the globe. I trust many of you will…