According to BCA Research’s Emerging Markets Strategy service, Indian stocks, which benefitted immensely from foreign portfolio inflows and are now very expensive, remain vulnerable to any global risk-off sentiment. The…

  The US retail sales release delivered a positive signal about the US economy in December. The 0.6% m/m increase in overall retail sales beat expectations of a more muted acceleration from 0.3% m/m to 0.4% m/m. Importantly, the…

  Chinese data continues to send a pessimistic signal for domestic risk assets and China plays. Although at 5.2% in Q4, GDP growth stands above the official target, it underwhelmed anticipations of 5.3%. Moreover, other data…

  Canadian government bond yields jumped on Tuesday, with the 10-year yield rising by nearly 14 basis points. While most other major DM government bonds also sold off, the move in Canadian yields was relatively more pronounced.…

  Results of the ZEW survey sent a slightly positive signal on German investor sentiment. The economic expectations indicator rose to an 11-month high in January – beating consensus estimates of a decline. This increased…

  China’s central bank unexpectedly held the medium-term policy rate unchanged at 2.5% on Monday, surprising expectations of a 10 basis point cut. Given that deflationary forces dominate China’s economy, the decision to…

  On the surface, domestic economic data painted a mixed picture of conditions in China at the end of 2023. On the positive side, the December trade data beat expectations. The dollar value of Chinese imports expanded by 0.2% y/…

  Optimism among investors and economic agents continues to improve in the Eurozone. The Sentix Economic Index for the Eurozone rose from -16.8 to -15.8 in January – in line with consensus expectations and marking the third…

  Growth in US disposable income has outpaced inflation nearly every month since mid-2022. Consumption is principally driven by income, but in the US it has gotten a meaningful assist the last two years from the drawdown of excess…