Euro Area headline CPI inflation eased by more than anticipated in November. The annual rate moderated from 10.6% y/y to 10.0% y/y, while the monthly figure showed a 0.1% m/m decline in prices following October’s 1.5% m/m…
The Chinese government will repress social unrest, then relax Covid-19 social restrictions to try to stabilize the economy. Russia will be aggressive in the short term but will pursue a ceasefire before March 2024. European and…
BCA Research’s European Investment Strategy service concludes that in the first half of 2023, weak Chinese growth will be the most important headwind facing European asset prices and currencies. Ever since it joined the…
European asset prices have rebounded sharply since September. Can this trend survive in the face of a weak Chinese economy where deflation prevails?
Today, we are sending you the BCA annual outlook for 2023. The report is an edited transcript of our recent conversation with Mr. X and his daughter, Ms. X, who are long-time BCA clients with whom we discuss the economic and…
Excess job vacancies in the US and UK reflect a labour market that cannot efficiently match unemployed workers with vacant jobs. This is because excess job vacancies reflect the shortage of labour supply in the 50 plus age cohort,…
After declining 9% in the first ten months of the year, CHF/USD has rallied 5% so far in November amid broad-based dollar weakness. More generally, on a trade-weighted basis, the CHF has performed relatively well in 2022,…
Preliminary estimates indicate that Euro Area consumer confidence increased by 3.6 points to -23.9 in November, surpassing expectations of a more muted recovery. This second consecutive month of improvement comes on the heels…
BCA Research’s European Investment Strategy service concludes that the rise in mortgage rates will weaken housing activity in Europe in the foreseeable future. In 2021, the average homeownership rate among European…