The latest release of the Canadian Labour Force Survey indicated further softening of the labor market in the Great White North. The economy experienced a net loss in total employment, shedding 1,400 jobs compared to market…
In this week's report, we review the impact of political developments, as well as incoming fundamental data, on our positioning.
Eurozone headline inflation slowed from 2.6% y/y to 2.5% in June. Germany, its largest economy, saw price pressures ease from 2.4% to 2.2%, below expectations of 2.3% (or from 2.8% to 2.5% on an EU-Harmonized basis). However,…
The US conventional 30-year mortgage rate climbed back above 7% in late June and drove a 2.6% weekly contraction in mortgage applications. The fixed-rate home affordability index sank to a nearly four-decade low. Housing is…
Our Portfolio Allocation Summary for July 2024.
The US personal income and outlays report was released on Friday. Personal income grew by 0.5% versus 0.3% the previous month, beating consensus estimates. Real personal spending growth also increased, coming in at 0.3%…
In a recent report, BCA Research’s Emerging Markets Strategy team recommended upgrading South African assets. The team argued that the new national unity government has an opportunity to ease the restrictive policies and…
The University of Michigan survey of consumers was released on Friday. The sentiment measure increased from 65.6 to 68.2, beating consensus estimates of 66. Current conditions as well as expectations also increased, going from 62…
