The Swiss franc is among the worst performing major currencies so far this year. This marks a reversal following its stellar performance last year. The Swiss National Bank’s (SNB) support for the domestic currency…
The German economy was a laggard at the end of last year, posting a 0.3% q/q real GDP contraction in Q4 2023 while the broader Eurozone economy stagnated. Importantly, while economists have been revising up their 2024 forecasts…
We highlighted in a recent Insight that positive economic surprises are prompting economists to revise up their US economic growth expectations. The Goldilocks narrative is supporting the rally in risk assets. However, results of…
The US CPI report for January showed inflation did not cool as much as anticipated. Headline inflation accelerated from 0.23% to 0.31% on a month-over-month basis, higher than anticipations of 0.2% m/m. It fell from 3.4% to 3.1%…
According to BCA Research’s Emerging Markets Strategy service, barring a pullback in global share prices, Korean tech stock prices will likely have more upside this year. The memory chip market will improve in 2024,…
Expectations that the Fed will successfully deliver a soft landing for the US economy remains the dominant narrative. Since August, economists have been revising up their 2024 US GDP forecasts with the consensus now anticipating…
Results of the US Conference Board’s latest quarterly survey show an improvement in sentiment among business leaders. The CEO Confidence measure rose above 50 for the first time in two years – indicating that…
Indian economic data releases delivered a positive signal on Monday. CPI inflation slowed from 5.7% y/y to 5.1% y/y in January – within the Reserve Bank of India’s (RBI) 2-6% target range. Meanwhile, industrial…
We created a sector selection scorecard based on performance of sectors under various macroeconomic regimes while taking into consideration revisions to expected earnings growth and valuations in a historical context. Our total…
