Results of the ECB’s bank lending survey (BLS) show the impact of the central bank’s aggressive tightening cycle on the region’s economy. Uncertainty about the economic outlook, borrower-specific dynamics,…
Tuesday’s German IFO survey corroborates the downbeat message from Monday’s flash PMI estimate highlighting weak economic conditions. The headline Business Climate Index dropped 1.3 points to 87.3 in July –…
Flash PMIs sent a mixed signal about manufacturing and service sector conditions across DM economies in July. The Euro Area release was particularly weak. An unexpected 0.7-point decline in the Manufacturing PMI and a 0.9…
The snap election which took place on Sunday resulted in a political deadlock in Spain. No single party has won enough seats to form a government. More importantly, both the left-wing bloc and the right-bloc fell short of the 176-…
In this report, we present our performance review of the BCA Research Global Fixed Income Strategy (GFIS) model bond portfolio for the Q2/2023, and the outlook and scenario analysis for the next six months. The portfolio return…
We see challenges ahead for Global Buyout across geographies as valuations need further resetting. While we are concerned with capital controls and flight risk in Asia-Pacific Venture Capital, the upside potential from AI may be…
Euro Area consumer confidence has been steadily recovering since it bottomed in September. Most recently, the -15.1 flash estimate for July surprised to the upside and marks its highest reading since February 2022 – ahead…
According to BCA Research’s Geopolitical Strategy and European Investment Strategy services, Spain’s economy is outperforming that of the Eurozone thanks to lower inflation and exploding tourism activity. These trends…
Softer-than-anticipated CPI inflation caused UK Gilts to rally and the British pound to weaken on Wednesday. Headline CPI inflation fell from 8.7% y/y to a 15-month low of 7.9% y/y in June – a greater decline than…