BCA Research’s Emerging Markets Strategy service remains overweight Mexican financial markets relative to their EM counterparts on a cyclical and structural basis. While Mexican markets will suffer in absolute terms with…

  Results of the October German IFO survey corroborate the positive signal from the latest ZEW survey. The headline Business Climate Index increased for the first time since April, rising from 85.8 to 86.9, above expectations of 86…

  As expected, the Bank of Canada kept its target for the overnight rate unchanged at 5% for the second meeting in a row on Wednesday. The Bank cited clear evidence of the impact of elevated interest rates on demand —…

  The price of gold has rallied by 9.2% since October 5, reaching a 5-month high by Wednesday's close. Notably, this latest rally comes despite real bond yields having been trending higher for the past two weeks. Given that…

  According to BCA Research's China Investment Strategy service, the property market has not cleared. Property market indicators suggest that China's real estate sector is still struggling to stabilize. Home sales and…

  The flash PMI estimates from S&P Global delivered a mixed message about economic conditions across DM economies in October. The Eurozone composite index unexpectedly fell from 47.2 to a nearly three-year low of 46.5 on the…

  So far, 2023 is proving to be a year of two phases for global equity markets. Despite the bout of bank turmoil which weighed on equities in Q1, stocks rallied for the most part of the first seven months of the year. This rally…

  Results of the ECB's Q3 Bank Lending Survey indicate that the impact of tight monetary policy is weighing down on lending conditions and loan demand in the Euro Area. In terms of credit standards, the survey results reveal…

  The 10-year US Treasury yield briefly moved above 5% earlier this week before dipping back down. While we can’t rule out another jump back above 5% in the coming weeks, the recent bond selloff has created a good deal of…