As we discussed in a recent Insight, the krone is the top pick for our Foreign Exchange Strategy team. The krone upgrade is one of the most significant changes in our colleagues’ attractiveness ranking model. Norway has the…
Our Emerging Markets Strategy team posits that the South African economy is heading into a recession later this year. The South African government refrained from announcing any stimulus measures in its recent budget proposals.…
Democrats are still slightly favored for reelection as the incumbent party is presiding over a growing economy. However, Biden’s strong showing in the primary election is not lifting his popular approval yet, and that is a worrying…
This week, we review our currency positions, based on the latest data from G10 economies.
In the past couple of years, Mexico has been among the favorite markets for investors within the EM space. As our Emerging Markets Strategy team argued in a recent report, the cyclical and structural outlook for Mexican risk…
A market-cap weighted index of CE3 economies (Poland, Hungary and Czechia) returned a whopping 64% in common currency terms since its 2022 low. Polish and Hungarian equities led the rally, advancing by a respective 86% and 78% in…
The US January JOLTS data released yesterday was in line with expectations, with job openings clocking in at 8.86 million versus a downwardly-revised 8.89 million in December. Importantly, US job openings are likely to continue…
The Bank of Canada (BoC) kept its policy rate steady at 5% for the sixth consecutive meeting yesterday, in line with expectations. The BoC, which has changed its communication policy to now provide a press conference after every…
Expected inflation has surged to its highest level in a year. This has surprised many people, but expected inflation is behaving just as expected. Expected inflation is not a prophecy, it is just a mathematical function of delivered…
We noted in a previous Insight that recent comments from Raphael Bostic, President of the Federal Reserve Bank of Atlanta, may reflect a growing realization among policymakers that they have inadvertently caused a…