The December increase in China’s CPI inflation rate raises the question of whether deflationary pressures are likely to recede as the country’s economy reopens. Notably, the core figure increased for the first time…
Why will Chinese consumer spending recover but not its industrial sectors? Will China's reopening boost the global business cycle and inflation? How fast will US core inflation fall and what are the implications for corporate profits…
According to BCA Research’s China Investment Strategy service, there is more downside for both Chinese and global semiconductor share prices. China’s semiconductor stock indexes − both offshore and A-…
Chinese aggregate financing surprised to the downside in December, growing by CNY 1.31 trillion following CNY 1.99 trillion previously, and below expectations of CNY 1.85 trillion. In addition, M1 and M2 measures of money supply…
According to BCA Research’s Emerging Markets Strategy service, downshifting profit growth expectations and rising interest rates herald a meaningful derating of Indian equities in both absolute terms and relative to their…
India’s lofty EPS growth expectations are set for a major disappointment. The RBI has overtightened monetary policy despite the absence of any genuine inflationary pressures in India. Fiscal stance is also restrictive. Stay…
Singapore’s non-oil domestic exports contracted by 14.6% y/y in November, a sharp deterioration from the prior month’s downwardly revised 6.1% y/y decline, and more than double the expected 6.5% drop. Notably, exports…
According to BCA Research’s China Investment Strategy service, China’s reopening and pro-growth stimulus will lift the economy from rock bottom. However, the recovery in the first half of this year will be uneven.…