The UK economy faces multiple headwinds this year from tighter monetary and fiscal policies amid surging inflation. CPI inflation soared to a fresh 30-year high of 7% in March and the Bank of England raised interest rates at all…
Several ECB Governing Council members spoke out in favor of a more hawkish policy stance in recent days. On Wednesday, Joachim Nagel noted that there is a possibility that net purchases are concluded at the end of the second…
Executive Summary Brent Stable As Demand + Supply Fall Oil demand growth will slow this year and next by 1.6mm b/d and 1mm b/d, respectively. These expectations are in line with sharp downgrades in World Bank and IMF…
Executive Summary A Good Time For A Pause In The Bond Bear Market The global government bond selloff looks stretched from a technical perspective, and a consolidation phase is likely over the next few months as global…
According to BCA Research’s European Investment Strategy service, European cyclicals remain vulnerable as they have not reached the kind of valuation discount necessary to compensate investors for weaker growth and tighter…
Dear Client, Next week, there will not be a written European Investment Strategy report; instead we will host a Webcast on April 26 with Chester Ntonifor, BCA’s Foreign Exchange Strategist. Regards, Mathieu Savary Executive…
Listen to a short summary of this report. Executive Summary The Currency And Interest Rates: On A Collision Course? The dip in the Swedish krona has priced in a recession in the domestic economy. If a…
As expected, the ECB did not announce any changes to its policy at the conclusion of its meeting on Thursday. Instead, it highlighted that elevated uncertainty requires flexibility, gradualism and optionality in its conduct of…
Executive Summary Macron Still Favored, But Le Pen Cannot Be Ruled Out Macron is still favored to win the French election but Le Pen’s odds are 45%. Le Pen would halt France’s neoliberal structural reforms,…
Executive Summary The structural downtrend in Chinese bond yields has a lot further to go, because it is helping to let the air out gently of stratospheric valuations in the real estate sector, and thereby preventing a hard landing for…