Eurozone producer prices surged 12.1% y/y in July, exceeding consensus forecasts. Similarly, the month-on-month print jumped to 2.3% versus expectations of a 0.4 percentage point rise to 1.8%. The upside surprises come amid…
Highlights The US government issued its first-ever water-shortage declaration for the Colorado River basin in August, due to historically low water levels at the major reservoirs fed by the river (Chart of the Week). The drought…
BCA Research's European Investment Strategy service maintains a favorable outlook for European banks over the tactical and cyclical investment horizons. Over a tactical investment horizon, the team recommends European…
Germany's center-left Social Democrats (SPD) have jumped ahead of Merkel's conservative Christian Democratic Union/Christian Social Union (CDU/CSU) bloc and are now leading in opinion polling for the upcoming September 26…
Euro Area inflation surprised to the upside in August. Headline CPI accelerated from 2.2% y/y in July to a near-decade high of 3.0% y/y. This translated to a month-on-month acceleration to 0.4% - above the expected 0.2% and July…
The Swiss KOF Economic Barometer collapsed 17.4 points to 113.5 in August versus an anticipated 125.9. August's print marks the lowest level since February. The KOF barometer is an excellent leading indicator of the Swiss…
Highlights We are reviewing our recommendations. We are also introducing recommendation tables to monitor these positions. Overall, our main recommendations have generated alpha and have a positive batting average. Feature The end…
The spread of the Delta variant in the US has had a clear impact on economic confidence measures like the University of Michigan consumer sentiment index, which fell sharply in the early August readings. In the euro area, where…
Highlights The decline in the US and UK July services PMIs underscores that pandemic control measures are not the only manner by which COVID-19 impacts the services sector of the economy. A slowdown in Q3 growth in advanced economies…