France
Stay short Greater China assets. Stay long Japanese yen. Hold back on Brazil for now but look forward to opportunities in future.
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic government this fall. Yet the Fourth Taiwan Strait Crisis has…
Executive Summary The ECB finally exited negative interest rates last week. In exchange for higher rates, the doves received an ambitious anti-fragmentation tool, the TPI. The ECB deposit rate is likely to reach between 1% and 1.5% by the summer of 2023. The ECB’s number one problem remains…
Executive Summary China: GeoRisk Indicator
China: GeoRisk Indicator…
Executive Summary Inflationary Pressures To Fade
Inflationary Pressures To Fade…
Executive Summary German GeoRisk Indicator
German GeoRisk Indicator…
Macron Secures A Second Term…
Dear Client, Next week, there will not be a written European Investment Strategy report; instead we will host a Webcast on April 26 with Chester Ntonifor, BCA’s Foreign Exchange Strategist. Regards, Mathieu Savary Executive Summary Cyclicals Are Not Cheap Enough…
Executive Summary Macron Still Favored, But Le Pen Cannot Be Ruled Out
Le Pen And Other Hurdles (GeoRisk Update…
Macron V. Le Pen
Macron V…