Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Economy

Deciphering Metal Market Dislocations
Our Emerging Markets and Commodities strategists explored the dislocations in metals markets as tariffs fears led to physical flows to the US and price spikes.  US import tariffs on gold, silver, platinum, and copper are unlikely because their…
Daily Insights by Felix-Antoine Vezina-Poirier
Canadian Inflation Remains At Target
January Canadian headline inflation was in line with estimates at 1.9% y/y. The Bank of Canada’s core measures were slightly hotter than expected, rising to 2.7%, near the top of the Bank of Canada’s 1%-to-3% target range.  Canadian inflation remains…
Daily Insights by Felix-Antoine Vezina-Poirier
The RBA Delivers A Hawkish First Cut

Overnight, the RBA cut the cash target rate for the first time since 2022, marking the beginning of the policy easing cycle in Australia. However, the RBA will proceed cautiously with further rate cuts, given a tight labor market and still elevated services inflation. This will keep Australian government bond yields elevated versus global yields, benefitting the Australian dollar.

Global Fixed Income Strategy, Foreign Exchange Strategy by Robert Timper, Chester Ntonifor
US Bond Webcast
Value & Timing In The US Bond Market
Ryan will outline the value proposition in US bonds and discuss the main factors that will determine the direction of yields over the next 6-12 months, including:
US Bond Strategy Webcast
Japan: Strong Q4 GDP Points To Further BoJ Hikes
Preliminary estimates of Q4 real GDP growth in Japan was stronger than expected, rising to 2.8% q/q annualized from 1.7% in Q3. Domestic demand remained strong, and the GDP deflator increased to 2.8% y/y. Japan’s economy is running hot, sustaining price…
Daily Insights by Felix-Antoine Vezina-Poirier
Will Trump Make Europe Great Again?
While the main Q1 2025 theme has been “America First”, the year-to-date market story has been more nuanced. “America First” would suggest an outperformance of US assets, but it is European assets that have started the year on a strong footing: The EURO STOXX…
Daily Insights by Felix-Antoine Vezina-Poirier
German Election: Winds Of Change, Again

The rise of the far-right is challenging mainstream German politics. The CDU/CSU and SPD will govern Germany again after the election. A ceasefire in Ukraine will offer some relief, but Trump’s policies will keep tensions high. 

Geopolitical Strategy, European Investment Strategy by Yushu Ma
US Dollar: Breakout Or Breakdown?

In lieu of all the geopolitical and economic news in media, this report looks at where next the dollar is likely to trend in the next one-to-three months. Our view is down, though on a cyclical horizon (six-to-twelve months), we would not be short the dollar, for now. 

Foreign Exchange Strategy by Chester Ntonifor
Swiss Core Inflation Surprises To The Upside
While inflation concerns prevail in the US, Swiss inflation hit its lowest level in almost four years. Headline CPI contracted 0.1% m/m in January, leaving the annual inflation rate at 0.4%, near the bottom of the Swiss National Bank’s 0%-to-2% inflation…
Daily Insights by Felix-Antoine Vezina-Poirier
US: Hot PPI Points To Cooler PCE
The January US Producer Price Index came in slightly hotter than estimates, but decelerated to 0.4% m/m (3.5% y/y) from an upwardly-revised 0.5% in December. Core PPI, excluding food, energy, and trade services, was also stronger than expected, but also…
Daily Insights by Felix-Antoine Vezina-Poirier

Related Topics

AI BCA Indicators/Model BDCs Bubbles/Crises/Manias Commodities Commodities & Energy Sector Country In-Focus Currencies Defaults Deleveraging See more Topics