Volkswagen’s CEO has been making the point that the market for European carmakers has been deteriorating. Earlier last week, he went on to make a rather pointed reference at Chinese EV manufacturers. He was quoted…
According to BCA Research’s Global Investment Strategy service, the imbalances in the US economy are sizeable enough to generate a mild recession. Unfortunately for equity investors, a mild recession would not preclude a…
The ECB will cut rates once more this year; however, markets underprice how far it will ease next year.
Continued deterioration in labor demand underpins our expectation for a US recession, as it will lead to slower compensation growth, hobbling consumption spending’s main driver. We also previously highlighted that the…
ECB Governing Council members unanimously voted in favor of lowering the deposit facility rate by 25 bps to 3.50% in September, marking the second cut this year. Moreover, expectations for weaker domestic demand led the ECB to…
As an industrial metal, copper acts as a barometer of economic activity. Silver and gold are safe-haven assets with inflation-hedging properties, though silver is relatively more sensitive to global growth developments given that…
Some thoughts on this morning’s US claims report and a preview of next week’s FOMC meeting.
According to BCA Research’s US Political Strategy service, former President Trump still has a path to come back to power, despite his disastrous performance in the debate with Vice President Kamala Harris on September 10…
US headline CPI eased from 2.9% y/y to 2.5% in August in line with consensus predictions. However, core CPI unexpectedly accelerated from 0.2% m/m to 0.3%. Aside from airfares -- a highly volatile series which is likely to…