Currencies
Canadian headline inflation rose 1.6% year-over-year in September, lower than the expected 1.8% and down from 2.0% in August. This was also its slowest pace since February 2021. The decrease was mainly driven by gasoline prices, leaving the core (ex. food and…
The UK August employment report was in line with recent data showing an economy humming at a decent pace. The unemployment rate decreased 0.1pp to 4% after peaking at 4.4% before the summer. The BoE will look kindly to the continued deceleration in wage…
This week, we cover the main questions we fielded during our latest client trip in Europe. Among the many topics broached are Europe’s recession odds, the impact of China’s stimulus, and the outlook for European markets.
In this Insight, we assess whether investors should expect fiscal turbulence in the UK, that will drive UK yields higher and the pound lower.
The month of October ahead of a US general election tends to be a volatile month with negative outcome for equities. As such, it is prudent to remain on the sidelines until after the election.
The Swiss KOF Barometer is a composite leading indicator of the Swiss economy. It surprised to the upside in September coming in at 105.5 against expectations of 101.0. The August reading was also significantly revised higher, from 101.6 to 105.0. …
The dollar had erased all of its 2024 gains going into the fall, as markets prepared for Fed rate cuts. After a nearly 6% drawdown over the spring and summer, last week’s DXY rally brought the dollar back into the black YTD. Can these gains continue now…
This report looks at the likely path for the dollar and bond yields over the next 6-to-12 months.
We’ve highlighted over the past week that while Beijing’s stimulus package remains unlikely to trigger a meaningful business cycle revival, it nevertheless administered a shot of adrenaline leading to a sentiment-fueled rally in Chinese equities and…
The Fed embarked on a new easing cycle with a bang and China delivered its largest stimulus since 2015, leading to a strengthening in the risk-on soft-landing narrative in September. Chinese and EM equities led the pack. We highlighted that Beijing’s…