The US CPI release showed monthly inflation accelerated in August. While the increase in headline inflation from 0.2% m/m to 0.6% m/m was in line with consensus estimates, the core index’s 0.3% m/m rise came in slightly…
The implications of this morning’s CPI report for Fed policy, Treasuries and TIPS.
In this report, we review our European fixed income strategy recommendations ahead of tomorrow’s critical ECB meeting
According to BCA Research’s US Political Strategy service, the Democratic Party will stick with the Biden-Harris ticket for longer than anyone expects. Changes to the ticket should be seen as negative for risk assets…
Strong consumer spending so far this year has been powered by robust employment gains coupled with real wage growth turning positive on the back of receding inflationary pressures. However, our US equity strategists…
Results of the ZEW survey of investor sentiment delivered a mixed signal on Tuesday. On the positive side, the indicator of economic sentiment for Germany unexpectedly ticked up from -12.3 to -11.4, surprising expectation of a…
The latest UK labor market developments complicate the Bank of England’s task when it meets next week. The unemployment rate ticked up from 4.2% to 4.3% in the three months to July as employment fell by 207 thousand.…
US small business optimism deteriorated for the first time in four months in August. The NFIB index declined by 0.6 point to 91.3, falling slightly below expectations of 91.5. In particular, current conditions deteriorated…
According to BCA Research’s European Investment Strategy service, valuations, interest rate differentials, and higher oil prices favor the NOK over the EUR. Higher oil prices, especially when they reflect tightening…