Sentiment among German companies declined in August from 87.0 to 86.6. Current conditions shed 0.6 points to 86.5 while the expectations component ticked 0.2 points lower. It nevertheless exceeded consensus expectations for a…
The equal-weighted S&P 500 index reached a new all-time high of 7,096.12 on Monday. Chair Powell’s comments at the Jackson Hole Symposium last week dispelled any remaining doubt about a September rate cut and sent…
According to BCA Research’s US Political Strategy service, in the final months of an election cycle, equities underperform relative to non-election years. This extends further into Q1 of the following year due to…
Our negative stance on European growth and assets is not devoid of risks. To gauge whether these risks warrant upgrading our growth outlook, we monitor Sweden closely. So, what is the current message from this Nordic economy?
Preliminary estimates suggest that with the exception of the UK (see Country Focus), manufacturing activity remains lackluster in DM economies. Manufacturing declined at a slower pace in Japan and Australia but the contractions…
UK GDP growth accelerated to 0.6% in the second quarter, and the latest PMI data underscores contrasts with its DM counterparts (see The Numbers). Several tailwinds are supporting the UK economy. Two-year Gilt yields have…
Gold reached new all-time highs earlier this week. The yellow metal has returned a whopping 20.2% YTD, with the rally reaccelerating over the past month. Gold prices are inversely correlated with the dollar, and the expectations…