Despite the underwhelming economic recovery, Chinese authorities remain reluctant to open wide stimulus taps as much as they have in past economic downturns. This is corroborated by the PBoC’s marginal interest rate cut…
Our Emerging Markets Strategy team expects a further decline in Indian stocks. Foreign equity inflows have been instrumental in the recent rally, but they will likely reverse in the coming months as risk-off sentiments pervade…
According to BCA Research’s Foreign Exchange Strategy and Global Investment Strategy services, most indications of Japanese inflation are pointing to upside surprises. This will boost interest-rate differentials in…
In this special report, we discuss whether the economic conditions necessary for a stronger yen (and higher JGB yields) will materialize over the next 12-to-18 months.
2023 is shaping up as a record-breaking year for global oil demand, according to our colleagues BCA's Commodity & Energy Strategy (CES). By year end, they expect the world will be consuming a record 103.5mm b/d, an…
Mexican financial markets have been this year’s stellar outperformers, both in absolute terms and relative to their EM peers. Naturally, the question arises: how sustainable is this rally? According to our Emerging…
BCA Research's US Equity Strategy service downgraded Semiconductors to underweight for the following reasons: Weakening global growth: Global semiconductor sales move in lockstep with economic growth. Global growth…
Despite a decline from 7.9% to 6.8% in July, the UK’s headline CPI surprised to the upside. The slowdown in headline CPI mostly reflects the deceleration in the annual inflation for housing, water, electricity, gas and…