On the surface, UK inflation appears to be on the right track. The May CPI release came in broadly within expectations. Headline inflation eased from 2.3%y/y to 2.0%y/y – directly on the BoE’s target for the first…
The ECB delivered its first rate cut in June, moderating the degree of restriction rather than pivoting outright to easy monetary policy settings. Indeed, the rate cut was accompanied by an upward revision of inflation and growth…
According to BCA Research’s China Investment Strategy service, Beijing will engage in ongoing negotiations with the EU regarding its import tax decision rather than impose meaningful retaliatory measures. The EU and…
The Reserve Bank of Australia kept its cash rate at 4.35% at its policy meeting on Tuesday, in line with market expectations. Australia’s monthly measure of headline inflation came in at 3.6% in April, still considerably…
According to BCA Research’s Commodity & Energy Strategy service, a Fed pivot to rate cuts will provide gold prices with a tailwind. At first blush, the historical evidence is mixed. While gold rallied in the three…
Housing is the most interest-rate-sensitive sector of the economy. Yet, the very aggressive monetary tightening cycle has only had a muted effect on home prices. While recent housing market data have been mixed, prices have not…
According to BCA Research’s Geopolitical Strategy service, the South African election presents a window of opportunity for productivity-boosting structural reforms, such as privatization, to coincide with monetary and…
Gold prices might experience a correction or consolidation over the near term. However, cyclical and structural forces will ultimately cause the yellow metal to trend upwards.
European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?