According to BCA Research’s Emerging Markets Strategy service, the combination of rising oil prices, an appreciating US dollar, and mounting US bond yields constitutes a triple whammy for US share prices. One risk that…

  The Bank of England’s Monetary Policy Committee voted 5-4 in favor of maintaining its bank rate at 5.25% on Thursday. The four members that voted against the pause all preferred a 25-basis point rate increase. The tight…

  Thursday’s release of US weekly jobless claims and continuing claims delivered a positive surprise about labor market conditions. The decline in initial jobless claims to an eight-month low of 201 thousand came in below…

  The August UK inflation report produced a large downside surprise. Headline CPI rose +0.3% month-on-month, versus expectations of a +0.7% increase. Year-over-year headline CPI inflation slowed to 6.7% from 6.8%, a sizeable miss…

  Collapsing German producer prices continue to indicate that inflationary pressures are moderating in the Eurozone. Total PPI declined by a record 12.6% y/y in August following a 6.0% y/y drop in July. While the annual decline…

  BCA Research’s US Bond Strategy service concludes that recent BEA data are understating corporate net interest expense by a significant amount. Given the recent climb in interest rates, it would be reasonable to expect…

  Tuesday’s release of Canadian CPI in August raised concerns that inflationary pressures are picking up again. Headline CPI inflation rose from 3.3% y/y to 4.0% y/y – above expectations of 3.8% y/y and marking the…

  Singapore’s non-oil domestic exports (NODX) sent a pessimistic signal about the global manufacturing cycle on Monday. The 20.1% y/y contraction in August is broadly in line with July’s 20.3% y/y drop and came in…

  Google searches for “inflation” by US users have been on a general downward trend over the past year. This is in line with developments in realized inflation as annual core CPI inflation peaked last September.…