The Eurozone Sentix Economic index improved from -12.9 to -10.5 in March, marking a fifth month of improved sentiment amongst investors and economic agents. Notably, the Expectation subindex rose to a 25-month high of -2.3 from -…
The latest MBA weekly survey shows mortgage applications rose 7.1% in the week ending March 8 on the back of a 4.7% increase in purchases and a 12.2% rise in refinancing, marking the second consecutive weekly increase. Higher…
There is a general consensus among BCA Research strategists that a US recession is highly likely over the next two years. While last month our Global Investment strategists reduced the probability that a recession will…
Chinese stocks are experiencing their longest rally since the country’s exit from Covid restrictions over a year ago. The MSCI Onshore and Investable indices (in USD terms) have gained 15.8% and 9.1% respectively since…
According to BCA Research’s China Investment Strategy service, a very substantial PSL financing scheme for housing, a large LG and LGFV debt swap, and considerable fiscal transfers to households—or a combination…
Results of the New York Fed’s Survey of Consumer Expectations showed an uptick in medium- and long-term inflation expectations in February. Specifically, the three-year ahead measure rebounded from a record low of 2.4% to 2…
Data out of Norway is becoming increasingly positive, and there is a strong investment case to be made for the country, with bullish implications for both equities and the currency: Retail sales remain robust and are…
Our US Investment Strategy service examines the state of consumer finances in the context of their view that a recession will materialize this year with a double-digit peak-to-trough decline in S&P 500 earnings expectations…
China’s NBS PMI release indicates that the Chinese growth is stabilizing at a low level. The composite PMI came in at 50.9 – unchanged from January. The stabilization was led by the non-manufacturing sector though…
Economic sentiment has improved since the December FOMC meeting, with positive momentum extending into February. The chart above neatly summarizes the impact that the Fed’s projected easing has had on sentiment, both on…