Preliminary PMI estimates suggest that US economic leadership remained intact in June, despite previous signs that it was passing the global growth baton to the rest of the world. US manufacturing, services and composite PMIs…

  In its latest Special Report, BCA Research’s US Bond Strategy service considers the relative merits of four different fixed income investments in the current economic environment: 2-year Treasuries, 10-year Treasuries, Baa-…

  In a widely expected move, the Bank of England (BoE) kept its policy rate unchanged at 5.25% in June. Although MPC members voted seven-to-two in favor of not cutting rates, a tweak in communication noting that the decision was…

  Japanese exports in JPY increased from 8.3% y/y to 13.5% in May, surpassing expectations of 12.7%. 23.9% and 17.8% y/y growth in exports to the US and China, respectively, led the overall surge. Trade data from Asian export-…

  According to BCA Research’s China Investment Strategy service, Beijing will engage in ongoing negotiations with the EU regarding its import tax decision rather than impose meaningful retaliatory measures. The EU and…

  Nvidia is now the largest company in the world. Its market capitalization has not only surpassed Microsoft’s, it also tops the entire stock market capitalizations of the UK and France. While Nvidia founders and owners are…

  The ECB delivered its first rate cut in June, moderating the degree of restriction rather than pivoting outright to easy monetary policy settings. Indeed, the rate cut was accompanied by an upward revision of inflation and growth…

  The heart of the US manufacturing sector is still pulsing. Industrial production surpassed expectations in May, growing by 0.9% m/m after having stagnated in April. Notably, the pro-cyclical manufacturing production index…

  On the surface, UK inflation appears to be on the right track. The May CPI release came in broadly within expectations. Headline inflation eased from 2.3%y/y to 2.0%y/y – directly on the BoE’s target for the first…