On Monday, Asia Pacific equity markets closed in the red due to the news that China’s largest real estate developer, Country Garden, is suspending the trading of some of its bonds. This recent episode is a continuation of…
According to BCA Research’s Geopolitical Strategy service, investors should stay overweight low-beta assets. Geopolitical risk is likely to stay elevated in Asia Pacific in the coming months. Mainland China faces debt-…
The global economy will not enjoy an “immaculate disinflation” but will suffer a very maculate one due to China’s growth slowdown and restrictive monetary policy in the developed world. Investors should stay overweight low-beta…
According to BCA Research’s Commodity & Energy Strategy and Geopolitical Strategy services, Russia is likely to cut oil production to pressure the West as a part of its war effort. This cut would push oil prices to…
In Section I, we audit the market’s “soft landing” narrative in response to a meaningful challenge to our cautious stance from recent financial market developments. We acknowledge that US economic growth was stronger in the first…
Falling inflation enables central banks to pause rate hikes, which is good news. But time goes on. Restrictive monetary policy, Chinese debt-deflation, energy supply shocks, US and global policy uncertainty, and extreme geopolitical…
Positive economic surprises have delayed the onset of recession in the United States. But tighter monetary and fiscal policy, slowing global growth, and a looming rebound in policy uncertainty and geopolitical risk suggest that…
Our Geopolitical Strategy service cautions investors of Russian instability, which will likely push up the global equity risk premium in the next few months. After some developments during the weekend, Vladimir Putin and his…