The ADP Jobs Report delivered a better-than-anticipated signal about the US labor market on Wednesday. The 324 thousand increase in private employment in July beat expectations of a 190 thousand rise and marks the second highest…
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) reveals that US banks continue to tighten lending standards for commercial and industrial (C&I), commercial real estate (CRE), residential real estate (RRE),…
Caterpillar’s Q2 earnings results released on Tuesday beat consensus estimates by a wide margin. Second quarter profit of $2.92 billion ($5.67 per share) came in well above expectations of $2.38 billion ($4.46 per share).…
US financial markets were dealt a summer shock yesterday with Fitch Ratings lowering its sovereign credit rating on the US to AA+ from AAA. This brings the rating down to the same level as that of S&P, which announced its own…
According to BCA Research’s Emerging Markets Strategy service, while EM ex-China markets are set to continue outperforming Chinese investable/offshore equities, they are unlikely to deliver superior absolute returns.…
The Global Manufacturing PMI remained unchanged at 48.7 in July, indicating that the pace of decline steadied at the start of the third quarter. The details of the release show accelerating rates of decline in production, new…
The Reserve Bank of Australia kept interest rates on hold at 4.1% on Tuesday, surprising expectations of a 25bps increase. Governor Philip Lowe’s statement underscores that the decision “will provide further time…
It is widely expected by consensus that earnings growth will rebound into the year-end and into 2024. Multiple factors will drive the reacceleration in earnings growth. Sales growth will pick up: In the remainder of the year,…
The performance of global financial markets continued to improve in July, with most of the major financial assets we track generating positive abnormal returns for the second consecutive month. Asian markets led this dynamic…
