Taiwanese export orders for April sent a negative signal about the global manufacturing cycle. Overall export orders contracted by 5.5% y/y, a massive disappointment to expectations of a slowdown in the annual rate of increase…
The PBoC reduced the five-year loan prime rate – the mortgage reference rate – by 15bps on Friday to 4.45%, below expectations of 4.55%. This marks the latest attempt by Chinese policymakers to revive the housing…
Listen to a short summary of this report. Executive Summary The US Inflation Surprise Index Has Rolled Over Global equities are nearing a bottom and will rally over the coming months as…
Prices of newly built homes in 70 Chinese cities declined by 0.3% m/m in April, marking the eighth consecutive monthly decline. Home prices in both second- and third-tier cities declined last month, while the pace of increase in…
BCA Research’s China Investment Strategy service concludes that China’s food price inflation is not immune to the higher prices of global agricultural products. China is well stocked with food reserves and does not…
Executive Summary Increase In Chinese Ag Prices Has Been Much More Muted Than Globally China’s food price inflation accelerated in April. The rising cost of global agricultural goods and domestic COVID-related…
Inflationary pressures appear to be intensifying in the Indian economy. Wholesale prices soared by 15.08% in April – the fastest pace since September 1991. Similarly, at 7.79%, CPI inflation exceeds the 6% upper band of the…
Chinese retail sales shrunk by a whopping 11.1% y/y in April, significantly below the anticipated 6.6% decline. Consumer staples (food, beverage, medicine and petroleum) are the only categories that did not experience a…