The 10.4% contraction in Taiwanese export orders for February delivered a negative surprise to expectations that the pace of expansion would slow from 1.9% y/y to 1.2% y/y. However, investors should not read too deeply into this…
Citigroup’s economic surprise index for the Euro Area has been on a steady ascent since mid-2023. Its continued increase after breaking into positive territory at the start of February indicates that the region’s…
According to BCA Research’s China Investment Strategy service, the adjustment in China’s real estate sector is not over. Odds are that the property market will contract for the fourth year in a row. The property…
Canada’s CPI release for February shows price pressures continue to ebb with the various measures of inflation all falling below consensus estimates. In particular, headline inflation decelerated from 2.9% y/y to 2.8% y/y…
Various indicators of Eurozone wage growth have cooled off in recent months. Notably, the labor costs index eased sharply from a downwardly revised 5.2% y/y to 3.4% y/y in 2023Q4 – the slowest pace of increase since…
Indicators continue to point to resilient US housing market dynamics. The NAHB Housing Market Index increased for the fourth consecutive month to an 8-month high of 51 in March, beating expectations it would remain unchanged at…
Singapore non-oil exports (NODX) largely disappointed in February, contracting by 4.8% m/m following a 2.3% m/m expansion in January, and falling below expectations of a milder 0.5% m/m decline. In a similar vein, the 0.1% y/y…
In a recent Insight we highlighted that the selloff in the price of iron ore – which is down 25.4% year-to-date – is sending a pessimistic signal on China’s economy, suggesting that the current rally in Chinese…
According to BCA Research’s Global Asset Allocation service, the impact of the global savings glut is among the four structural trends that will drive EM debt going forward. As an asset traditionally further out on the…