Copper benefited from the recent improvement in global risk sentiment, participating in the broad-based rally in November. To the extent that the red metal has vast applications across many economic sectors, it is…
China’s CSI 300 equity index closed at its lowest level since early 2019 on Tuesday following news that Moody’s downgraded its outlook for China’s credit rating from stable to negative. The report cited the…
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on Tuesday, in line with expectations. In her post-meeting statement, Governor Michele Bullock revealed that economic developments since the RBA’s…
The November services PMIs sent a slightly positive signal on Tuesday. The global measure ticked up from 50.4 to 50.6, pointing to a marginal pickup in the pace of expansion. Importantly, this slight improvement was broad-based…
The number of US job openings fell sharply in October according to the JOLTS survey, from 9.4 million to 8.7 million. At 8.7 million, job openings are still above the 7.1 million average seen in the two years prior to the…
According to BCA Research’s US Bond Strategy service, US corporate bond spreads are far too tight. The soft landing narrative took hold of markets in November as the overnight index swap (OIS) curve moved to price in 159…
Global instability will continue in 2024 – whatever happens afterward. Slowing economies will exacerbate already high geopolitical risk and policy uncertainty stemming from the US election and foreign challenges to US leadership.…
The Sentix Economic Index for the Eurozone continues to send a marginally positive signal. Its 1.8-point increase to -16.8 in December brings it to its highest level since May, albeit below expectations of a slightly more…
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ outlook for the timing of the next US recession, the Fed, and concerns for the global economy in 2024. On the US economic…