Our China Investment Strategy team assessed the country’s outlook in a context of underwhelming stimulus and rising trade tensions. Trump’s re-election raises the likelihood of tariff hikes on Chinese exports…
Trump's presidential re-election makes US tariff rate hikes on Chinese exports an imminent threat. Beijing has made extensive efforts to derisk the domestic economy and diversify trade away from the US. However, China is no better…
According to the latest update of the Central Bank Monitors from BCA’s Global Fixed Income strategists, economic weakness and diminishing inflation pressures warrant a shift towards easier global monetary conditions. The…
US CPI inflation for October printed in line with expectations and was unchanged from September, with headline at 0.2% month-over-month and core at 0.3%. Headline re-accelerated to 2.6% from 2.4% on an annual basis, and core…
We update our inflation forecast following this morning’s CPI release, concluding that TIPS breakeven inflation rates have room to fall.
Our Portfolio Allocation Summary for November 2024.
The NFIB Small Business Optimism Index beat expectations in October, increasing to 93.7 from 91.5. Although improvements were broad-based, the increase was led by a brightened outlook. Given that the survey was conducted before…
Economic expectations for Germany and the Eurozone disappointed, with the November ZEW decreasing to 12.5 from 20.1. The assessment of current conditions also worsened, implying the sentiment rebound from September will not be…
Amidst all the post-election noise, our US Investment Strategy colleagues took a step back and assessed where the US labor market stands. Despite the strong post-election equity rally, they maintain their recession outlook.…