Meager credit growth and shrinking real wages will keep Thai inflation very low in the coming months. The currency will get support from an improving current account surplus. Fixed-income investors should upgrade Thailand from…
The BoC kept its policy rate steady at 5% for the fourth consecutive meeting on Wednesday, in line with expectations. In its press release, the BoC maintained that it is ready to keep hiking if deemed necessary. That said, the…
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on Tuesday, in line with expectations. In her post-meeting statement, Governor Michele Bullock revealed that economic developments since the RBA’s…
The number of US job openings fell sharply in October according to the JOLTS survey, from 9.4 million to 8.7 million. At 8.7 million, job openings are still above the 7.1 million average seen in the two years prior to the…
Global instability will continue in 2024 – whatever happens afterward. Slowing economies will exacerbate already high geopolitical risk and policy uncertainty stemming from the US election and foreign challenges to US leadership.…
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ outlook for the timing of the next US recession, the Fed, and concerns for the global economy in 2024. On the US economic…
According to BCA Research’s European Investment Strategy service, European corporate spreads will widen over the coming six months before an attractive buying opportunity emerges in the second half of 2024. 2024 will…
Our Portfolio Allocation Summary for December 2023.
Treasury yields will sketch out a range between now and Q1 2024, with the upside determined by inflation and the downside determined by labor markets.