Canadian government bond yields jumped on Tuesday, with the 10-year yield rising by nearly 14 basis points. While most other major DM government bonds also sold off, the move in Canadian yields was relatively more pronounced.…
Results of the ZEW survey sent a slightly positive signal on German investor sentiment. The economic expectations indicator rose to an 11-month high in January – beating consensus estimates of a decline. This increased…
The CHF/JPY has enjoyed a strong upward trend, appreciating by 52.6% since January 2019. Currently, it is 84.6% overvalued relative to PPP, which questions whether a turnaround is imminent. Japan faces more significant…
The US manufacturing renaissance, spurred on by reshoring, automation, and government spending, is running its course but progress has slowed on the back of tight monetary conditions and the manufacturing recession. The deceleration…
Canada’s Business Outlook Survey (BOS) indicator increased slightly in Q4, suggesting that sentiment stabilized at the end of 2023. In particular, easing inflationary pressures amid weaker demand and greater competition…
China’s central bank unexpectedly held the medium-term policy rate unchanged at 2.5% on Monday, surprising expectations of a 10 basis point cut. Given that deflationary forces dominate China’s economy, the decision to…
The commodity complex struggled last year with the Goldman Sachs Commodity Index falling by 12% despite the relatively favorable performance of other cyclical financial assets. Several factors contributed to this weakness. In the…
According to BCA Research’s European Investment Strategy service, investors should not chase European equities higher from current levels. The soft-landing narrative has captured the minds of investors. The expectations…
On the surface, domestic economic data painted a mixed picture of conditions in China at the end of 2023. On the positive side, the December trade data beat expectations. The dollar value of Chinese imports expanded by 0.2% y/…
Chinese credit dynamics remain muted with the expansion in total social financing easing from 2.45 trillion yuan to 1.94 trillion yuan in December, below expectations of a tamer slowdown to 2.16 trillion yuan. Loan growth also…