Developed Countries
According to BCA Research’s European Investment Strategy and Geopolitical Strategy services French aerospace and defense equities will benefit the most from rising defense spending and should be highly favored. The upcoming defense spending cycle in Europe…
German PPI inflation decelerated from 17.6% y/y to 15.8% y/y in February – the lowest since September 2021. Although the February print came in above consensus expectations calling for a more significant slowdown to 14.5% y/y, it nevertheless continues a…
Unsurprisingly, financials are the worst performing equity sector since the fallout of SVB and Signature bank, with the S&P 500 Banks index down 17% since March 8 (see Market Focus). A question facing investors is whether bank stocks are now attractive…
Given that banks are the cause of the recent market turmoil, it is unsurprising that financials are the worst performing sector since the start of the tumult earlier this month. Yet, the equity weakness has been broad-based across most US and global equity…
According to BCA Research’s Foreign Exchange Strategy & Global Fixed Income Strategy services, there are a few shifts that could be immediately expected with an end to the BoJ’s Yield Curve Control (YCC) program. First, the outperformance of stocks…
The Russia-Ukraine war has prompted Europe to ramp up its defense spending. This will greatly benefit its defense industry, especially if defense coordination across the EU increases.
The Bank of Japan is about to get new leadership when Kazuo Ueda takes over as governor in April. Will there be a new monetary policy to go along with the new governor? We attempt to answer that question, and what that means for global bond markets and the yen, in this Special Report.
Preliminary results from the University of Michigan’s Consumer Sentiment survey showed an unexpected drop in household morale. The headline index’s 3.6-point decline to 63.4 surprised consensus estimates it would remain unchanged. The decline came on the…
Based on FDIC data, US banks with less than $250 billion in assets account for about half of C&I lending, and over half of mortgage and commercial real estate lending. As such, the turmoil in the banking sector will inevitably weigh on economic activity.…
The banking tumult is shining light on the impact of the Fed’s aggressive tightening cycle. In the one year since the FOMC’s first rate hike last March, the fed funds rate has increased by a massive 450 basis points, making the current tightening cycle one of…