In this Strategy Outlook, we present the major investment themes and views we see playing out for the rest of the year and beyond.
The signal from Asian currencies is consistent with trends within US equities. The ADXY – a trade-weighted index of emerging Asia’s most actively traded currencies vis-à-vis the USD – has collapsed below…
Executive Summary Long-Term Contracts Needed To Increase LNG Supply The EU will have to reverse course and execute long-term contracts with natural gas producers, LNG shippers and pipeline operators to incentivize…
BCA Research’s China Investment Strategy service continues to recommend a neutral stance in Chinese equities within a global portfolio. China’s economic data moved up slightly in May from an extremely depressed…
Although Chinese industrial profits continued to decline in May, the magnitude of contraction narrowed slightly to 6.5% y/y from 8.5% in April. This latest release follows a series of better-than-expected economic data Although…
Executive Summary Russia Squeezes EU Natural Gas Major geopolitical shocks tend to coincide with bear markets, so the market is getting closer to pricing this year’s bad news. But investors are not out of the woods…
With headline inflation running at 2.1% y/y, Chinese inflationary pressures are relatively tame. However, that is not to say that the country is immune to global price dynamics. Like in most other countries, accelerating energy…
Executive Summary At our monthly view meeting on Monday, BCA strategists voted to change the House View to a neutral asset allocation stance on equities, with a slight plurality favoring an outright underweight. The…
After contracting 5.5% y/y in April, Taiwanese export orders bounced back by a stronger-than-expected 6.0% y/y in May. This improvement is consistent with the signal from Singapore non-oil exports which also exceeded expectations…
Chinese economic data surprised to the upside in May. Industrial production grew by 0.7% y/y against an anticipated 0.9% y/y decline and following a 2.9% contraction. The decline in retail sales was less severe in May (6.7% y/y)…