China’s CPI and PPI inflation release for July indicates that deflationary pressures dominate the domestic economy. After remaining unchanged in June, consumer prices fell by 0.3% y/y. Meanwhile, the 4.4% y/y drop in…

  During the last economic expansion, a structurally overweight allocation to stocks was at least partially warranted by the idea that “There Is No Alternative” – or “T.I.N.A.” During the last…

  Chinese trade data continued to deliver a pessimistic signal about the global manufacturing cycle. The export contraction deepened to -14.5% y/y in US dollar terms in July – below expectations of a -13.2% y/y decline and…

  The US NFIB’s Small Business Optimism Index increased by 0.9 points to an eight-month high of 91.9, beating expectations of a more muted 0.3-point increase. Although the level remains depressed below the 49-year average of…

  Over the past two months, risk sentiment has improved amid receding fears of an imminent US recession. Economic data have been generating strong upside surprises and the US equity rally has broadened with cyclicals outperforming…

  Greece is experiencing a strong economic revival from its lows of the Sovereign Debt Crisis. The Hellenic Republic has shown resilience, with an annual real GDP growth of 4.5%, outpacing the Euro Area’s growth by 2%. Greece…

  According to BCA Research’s Global Fixed Income and Foreign Exchange Strategy services, the British pound is overbought in the near-term and is at risk of a pullback on easing rate expectations, but this will represent a…

  The Sentix Economic Index for the Eurozone sent a positive signal on Monday. It unexpectedly increased from -22.5 to -18.9 in August, surprising expectations of a further deterioration to -24.5. This marks the index’s first…

  Core inflation in the US should drift lower in the coming months. However, it is too early to conclude that the US is completely out of the woods when it comes to inflation. Given that the US job market remains tight, and the…