This is the time of the year when strategists are busy sending out their annual outlooks. Here on the Global Investment Strategy team, we decided to go one step further. Rather than pontificating about what could happen in 2025, we…
US retail sales beat expectations in September, rising 0.4% from August when growth was essentially flat. The control group also beat expectations at 0.7% month-on-month, accelerating from 0.3%. Growth was however somehow weak on…
High food and fertilizer prices could morph into food crises in several developing nations. A Special Report from our Emerging Markets Strategy team reckons that Lebanon, Egypt, Kenya, Peru, Pakistan, and Sri Lanka are most at-…
Executive Summary Increase In Chinese Ag Prices Has Been Much More Muted Than Globally China’s food price inflation accelerated in April. The rising cost of global agricultural goods and domestic COVID-related…
Highlights Portfolio Strategy The consumer staples recovery is sales-driven, underscoring that additional outperformance lies ahead. The lagging hypermarkets and retail food industries are starting to play catch up, reflecting a…
Highlights Portfolio Strategy Retail food stocks are deep into the buy zone. Deflating food costs augur well for profit margins in the coming quarters. Lift the financial sector to neutral, via the asset manager and investment bank…