Canadian CPI inflation came in at 4.4% year-over-year for September, blowing through analyst expectations and hitting an 18-year high. Meanwhile, the CPI-trim, a core measure which strips out extreme price movements, hit 3.4…
Earlier this month, French President Emmanuel Macron unveiled a EUR30 billion investment plan aimed at supporting and fostering industrial and tech “champions of the future.” This new plan comes on top of the EUR100 billion…
According to BCA Research’s Geopolitical Strategy service fiscal drag is probably overstated as governments are likely to increase deficit spending on the margin. US Congress is likely to pass Biden’s $550 billion bipartisan…
Highlights The fourth quarter will be volatile as China still poses a risk of overtightening policy and undermining the global recovery. US political risks are also elevated. A debt default is likely to be averted in the end. Fiscal…
BCA Research’s Commodity & Energy Strategy service concludes that the ultimate path global gas prices will take is at maximum uncertainty at present. The current heated – no pun intended – competition for natgas going into…
Japanese stocks have recently been one of the best performing global equity markets. MSCI Japan gained 2% in September, while the US and All Country World Indices each fell more than 4%. The outperformance reflects domestic…
The performance of USD/CNY can often be explained by relative rates. The widening of the China-US yield differential in the second half of last year coincided with a sharp appreciation in the CNY vis-à-vis the USD. However, this…