Developed Countries
The interest spread between 2-year and 10-year Tresaurys widened on Monday ahead of the January CPI release, nearing last Thursday’s multi-decade extreme. This latest bout of curve flattening follows the February 3 US jobs report showing nonfarm payrolls…
US-China relations hit another rocky patch this month following a series of incidents involving spy balloons and other mysterious aircraft. The US shot down flying objects that entered US and Canadian air space on February 4, 10, 11, and 12. Much remains…
According to BCA Research’s US Equity Strategy service, there will be a better entry point into overweighting the US Technology sector. Macroeconomic and business conditions are gradually becoming more favorable for Tech as the bottoming of demand is in…
We discuss the outlook for the Fed’s balance sheet and why QT is likely to continue for at least another year.
Our Central Bank Monitors support the recent shift in tone from central bankers in Europe. Find out what it means for European fixed-income portfolio allocation.
Macroeconomic and business conditions are gradually becoming more favorable for Tech as the bottoming of demand is in sight. Yet, we don’t believe that now is an attractive entry point - the good news is fully priced in, and technicals signal a pullback. However, the sector is worth monitoring as we are getting closer to a sustainable rebound. Our positioning remains unchanged.
Chinese money and credit data were stronger than expected in January. The RMB 5.98 trillion surge in total social financing is significantly above December’s RMB 1.31 trillion increase and beat expectations of a RMB 5.40 trillion rise. New yuan loans came in…
The German DAX has rallied by 26.4% since the beginning of Q4 2022, outperforming the Euro Stoxx 50 by 5.7% in the process. With industrial equities accounting for a relatively large share of the German index, the bourse is benefitting from the improvement…
The preliminary results from the University of Michigan survey suggest that US consumer morale continues to grind higher. The headline index ticked up 1.5 points to a 13-month high of 66.4 on the back of a 4.2-point jump in the current conditions index.…
As expected, Sweden’s Riksbank delivered a 50 bp rate hike at its meeting on Thursday, bringing the policy rate to 3.0%. and signaled that further hikes are likely. Moreover, it announced that beginning in April it will start selling nominal and real…