Goods prices have been normalizing following the pandemic binge on goods spending. The May CPI release indicated that durable goods and nondurable goods prices both continued to contract. Investors and policymakers have thus…
According to BCA Research’s China Investment Strategy service, it is an overstatement to assert that China’s subsidies are the main driver of its green energy industries’ competitiveness. It is commonly…
China’s exports in USD terms surged 7.6% y/y in May, from 1.5% in April, surpassing expectations of a 5.7% gain. However, base effects largely overstate the strength of Chinese exports given that they contracted by 8% y/…
In this report, we gauge the outlook for the dollar given client visits in Africa.
Looking at economic activity, global monetary policy seems restrictive, however, the behavior of financial markets tells a different story. What gives?
Export dynamics from small open economies are bellwethers for global trade and recent export data out of Taiwan and South Korea suggested robust global growth momentum in March. In April, Singapore’s electronics exports…
Transit through the Suez Canal has hit a new low. The 7-day moving average of daily ship transit calls is currently at 30, less than half of what it was at the end of 2023. The decline in volume has been even more severe, with…
BCA Research’s Emerging Markets Strategy service concludes that among the CE3 currencies, the zloty and the koruna will be the relative winners, while the forint will likely be the worst performer of the three. That said,…
Export dynamics of small open economies are a bellwether for global growth. The latest Taiwanese and Korean export numbers are consistent with a revival in global trade. Taiwanese export orders grew by 1.2% y/y in March…
European profits margins are elevated. Will a mild recession be enough to bring them down?