The PBoC lowered the 14-day reverse repo rate by 10 bps on Monday, a move that follows a string of easing measures in late July when the central bank lowered the 7-day reverse repo rate, several maturities of the loan prime rate…

  German equities have outperformed their Euro Area peers on a year-to-date basis, with the gap widening since May. The MSCI Germany Index returned nearly 4.5 percentage points more than the MSCI Eurozone index over the latter…

  According to BCA Research’s European Investment Strategy, the low rate of innovation in Europe is a major problem for the economy. Not only does it prevent Europe from standing at the technological frontier, but it also…

  Canadian retail sales grew by a higher-than-expected 0.9% m/m in July from a 0.2% contraction in June. A 2.2% monthly rise in vehicle sales led an otherwise broad-based increase. Ex-auto retail sales also surprised positively,…

  The Norges Bank kept its policy rate unchanged at 4.5% at its September meeting and signaled low odds of policy easing before the first quarter of 2025. The inflation backdrop does not warrant easing policy. Although core CPI…

  The Bank of Japan’s policy normalization has been accompanied by exceptional outperformance by Japanese banks. Japanese banks have outperformed both the country’s broader market as well as the MSCI ACW Banks index by…

  The 10-year Treasury yield rose in the aftermath of the Fed’s jumbo rate cut on Wednesday. Our US Bond strategists noted that this move reflects the fact that the downward revisions to the dots still fall short of the…

  Singapore is a small open economy sensitive to global trade dynamics. Its non-oil exports (NODX) are thus a good bellwether for global growth conditions. Overall exports, which are highly volatile on a month-on-month basis,…

  One key takeaway from Wednesday’s post-FOMC press conference is the Fed’s unshaken conviction that it can avoid a recession. A risk-on mood dominated markets on Thursday, with the S&P 500 breaching new all-time…