Global growth will weaken in the coming months, yet monetary authorities worldwide will be reluctant to ease policy. This state of affairs foreshadows a clash between markets and policymakers in the months ahead. China’s recovery is…
The lift to European investor sentiment from the ebbing energy crisis is now in the rear-view mirror. The German ZEW Indicator of Economic Sentiment fell back below 0 in May to -10.7 from 4.1. The negative reading indicates that…
According to BCA Research’s Emerging Markets Strategy service, investors should stay underweight Indonesian equities within Emerging Market and Emerging Asian equity portfolios. Unprecedented export earnings have pushed…
Recent Canadian data releases have raised concerns that the Bank of Canada may abandon the conditional pause it first telegraphed following its last rate increase on January 25 in favor of more policy tightening. Headline CPI…
The latest Chinese economic data releases for April signal a disappointing domestic recovery. Weak economic conditions during the Shanghai lockdown last April created a low base effect which boosted the annual comparison.…
According to BCA Research’s European Investment Strategy service, a large set of variables points to some additional correction in European stocks over the coming months. The collapse in the Euro Area M1 is consistent…
The US banking system remains unsettled over two months after the failures of Silicon Valley Bank. The two weeks following regulators’ seizure of First Republic (FRC) have featured dizzying swings in the stock prices of…