Recent Euro Area economic data have been sending a less pessimistic signal. Wednesday’s releases are in line with this trend. The European Commission’s confidence indicator shows a mild improvement in economic…
The Fed’s latest Beige Book delivered a pessimistic message for the US economy. Half of the 12 districts reported slight declines in activity, two indicated that “conditions were flat to slightly down,” and the…
Q3 US real GDP was revised higher in the second estimate that was released on Wednesday. The 5.2% q/q annualized increase beat expectations of a more muted upwards revision to 5.0% q/q from the advance estimate of 4.9% q/q. In…
According to BCA Research's Geopolitical Strategy service, coalition politics will prevent radical policy changes in the Netherlands. The Dutch elections saw a shift to new and opposition parties as the team…
The Baltic Dry index, which measures the average price paid for the transport of dry bulk materials across more than 20 shipping lanes, has rebounded 63% this month and 130% since the middle of the year. The latest leg of the…
After widening since mid-year, the spread between German bunds and Italian BTPs has been narrowing over the past month. What is driving this move? Our Chief Global Fixed Income Strategist highlighted in Tuesday's BCA Live…
US home prices climbed to a new all-time high in September. According to data from S&P CoreLogic Case-Shiller, prices gained 0.7% m/m, albeit a slower pace of increase than the 0.8% m/m rise in August. On an annual basis,…
The uptick in the Conference Board's Consumer Confidence Index to 102.0 pushed it above consensus estimates of 101.0 in November. Although this is a marginally positive signal, the prior month was revised down from 102.6 to…
According to BCA Research's European Investment Strategy service, given the defensive nature of Portuguese equities and the team's recession view, investors should favor the Portuguese bourse relative to Euro Area…
According to our Global Investment Strategy (GIS) service, so far this year, inflation in the US has declined sharply even though employment growth has remained strong. There are many factors that have contributed to this…