Singapore is a small open economy sensitive to global trade dynamics. Its non-oil exports (NODX) are thus a good bellwether for global growth conditions and they surprised to the upside in May. Notably, electronics exports, which…
According to BCA Research’s Commodity & Energy Strategy service, a Fed pivot to rate cuts will provide gold prices with a tailwind. At first blush, the historical evidence is mixed. While gold rallied in the three…
In light of this week’s RBA decision to keep policy on hold, we look at the best possible trades in fixed income markets. In our view, inflation-linked bonds, relative to nominals remain a good bet.
Housing is the most interest-rate-sensitive sector of the economy. Yet, the very aggressive monetary tightening cycle has only had a muted effect on home prices. While recent housing market data have been mixed, prices have not…
Eurozone equities sold off 7% from their June 6 highs, according to MSCI indices. The surprise French legislative elections and renewed fears of populism and European Union exits are spooking investors. Yet, our European…
Gold prices might experience a correction or consolidation over the near term. However, cyclical and structural forces will ultimately cause the yellow metal to trend upwards.
European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?
In this insight, we update our thinking on the recent BoJ move in terms of positioning for the yen and JGB yields.
The BoE had to deal with a stagflationary headache in the second half of 2023. Inflation was stickier and growth was weaker in the UK than in many of its DM peers. This trend turned around earlier this year with a late-cycle…
The preliminary University of Michigan gauge of consumer sentiment unexpectedly dropped in June to 65.6 from 69.1, against expectations of improving morale. Consumers’ assessments of current conditions declined by a larger…