European equities have some short-term support, but global growth risks will cap gains. Our Chart Of The Week comes from Mathieu Savary, Chief European Investment Strategist. Mathieu sees probable but limited upside for European…
Soft April jobs confirm the Canadian labor market stall, yet we remain neutral on CGBs and structurally bullish on the CAD. The unemployment rate rose more than expected to 6.9% from 6.7%. Employment growth exceeded expectations but…
Our Portfolio Allocation Summary for May 2025.
The inflation divergence between the US and Eurozone drives our call to stay long US duration. Inflation, typically a lagging indicator, blends slow-moving labor pressures with fast-moving supply drivers. The COVID inflation spike…
The Riksbank’s cautious stance sets up a dovish pivot, reinforcing our long Swedish bonds view and SEK fade vs. USD. The central bank held rates at 2.25% for the second time this year, with Governor Thedéen describing policy as well-…
Our Geopolitical strategists recommend underweighting Turkish assets. Erdogan’s weakening rule, rising social unrest, and eroding governance are deepening Turkey’s macro deterioration. Inflation will stay sticky as odds of new…
The PBoC’s latest easing aims to cushion growth risks and strengthen Beijing’s position ahead of US trade talks. In a rare pre-announced decision, China’s central bank cut its policy rate by 10 bps and the reserve requirement…
Our GeoMacro strategists remain negative toward US equities as President Trump’s efforts to limit the foreign investments of US firms will undercut their competitiveness. FDI brings clear strategic and financial gains, both…