The BoE embarked on its easing cycle in August, delivering its first 25 bps rate cut. The decision was nowhere near unanimous, with 5 MPCs out of 9 voting in favor of lowering policy rates. Indeed, while headline inflation is…
According to BCA Research’s Private Markets & Alternatives service, the Sports Franchise market presents a compelling opportunity for Private Equity due to its strong growth potential, evolving business models, and…
The undercurrents of global financial markets signal deteriorating global growth conditions. There is little cash on the sidelines in the US, the Euro Area, and Japan. If the budding bear market resembles the 2000-2003 one, EM stock…
China’s CPI and PPI both surprised to the downside in August. Consumer prices grew from 0.5% y/y to 0.6%, below the 0.7% anticipated. However, a 2.8% y/y surge in food prices (the fastest pace so far this year)…
Eurozone GDP’s final estimate indicates that growth was slower than expected in Q2. Output grew 0.2% q/q in Q2, compared to 0.3% previously reported. A significant downward revision to capex (2.2% contraction against 1.8%…
The Swedish economy’s cyclicality and sensitivity to global trade make it a reliable bellwether for global growth. Sweden is facing significant domestic weakness. Employment growth declined by 0.14% y/y in July and…
Global semiconductor stocks have returned 50% YTD in USD terms, and a whopping 200% since their September 2022 lows. However, they may have peaked back in July. Our Emerging Market strategists highlight a significant…
Crucial leading indicators of the global and European economies continue to deteriorate. How should investors position their European portfolios to benefit from these trends?
August nonfarm payrolls expanded by 142 thousand workers, from a downwardly revised 89 thousand and below expectations of 165 thousand. Payroll growth fell to a four-year-low of 116 thousand on a 3-month moving average basis.…
The July Employment Situation report had already cemented the case for a September rate cut and Chairman Powell’s Jackson Hole comments dispelled any remaining doubt about an imminent monetary easing cycle. All the labor…