The markets were deluged by a lot of information in late October. Several central banks made surprise moves towards tightening (the Bank of Canada, for example, ended asset purchases, and the Reserve Bank of Australia…
China’s official and Caixin manufacturing PMIs once again sent conflicting signals about the Chinese economy. The NBS version moved deeper in contractionary territory, falling from 49.6 to 49.2, below expectations of a…
The rally in Indian equities appears to be losing some steam. The MSCI India index is down nearly 4% over the past two weeks. This follows a spectacular 26% rally since Q2. The recent slump comes amid concerns that valuations are…
According to BCA Research’s Emerging Markets Strategy service shrinking Chinese construction activity will weigh on China’s economy and China-plays around the world. Odds are that the speculative fever that has…
Highlights Short-term inflation risk will escalate further if politics causes new supply disruptions. Long-term inflation risk is significant as well. There is a distinct risk of a geopolitical crisis in the Middle East that would…
Highlights The 26th Conference of the Parties (COP26) will open this weekend in Glasgow, Scotland, amid a global crisis induced in no small measure by policies and regulations that led to energy-market failures. Price-distorting…
Highlights Faced with large excesses in the housing market, we contend that Beijing’s goal is to achieve flat property prices in the coming years. Stable property prices would allow for improved housing affordability over the…
Over the weekend, China’s National People’s Congress announced that the State Council is preparing to expand property tax trials to more urban locations. Trials are already in place in Shanghai and Chongqing since…
At a CNN town hall on Thursday President Biden stated that the US is committed to defending Taiwan[1] if China tried to attack it. The White House later clarified that there was no change in US policy towards Taiwan. Although the…
Highlights Liquidity conditions in Bangladesh are easy and growth has revived. Exports are set to recover as well. Foreign reserve accumulation will continue, which will have positive implications for the economy and stock prices.…