Recession-Hard/Soft Landing

The Eurozone Sentix Economic index improved from -12.9 to -10.5 in March, marking a fifth month of improved sentiment amongst investors and economic agents. Notably, the Expectation subindex rose to a 25-month high of -2.3 from -5.5 in February. The Current…

Gold has had a stunning rally over the past few weeks, gaining 9.2% since February 14 and reaching consecutive all-time highs last week before paring back some of its gains. Indeed, the drivers of gold have moved in a bullish direction for the yellow metal.…

BCA Research’s Bank Credit Analyst service ranks the major economies by their economic and financial performance under various categories. In the inflation category, the surprising top award goes to Italy, a country which historically has tended to have…

The latest MBA weekly survey shows mortgage applications rose 7.1% in the week ending March 8 on the back of a 4.7% increase in purchases and a 12.2% rise in refinancing, marking the second consecutive weekly increase. Higher mortgage activity comes amid…

According to BCA Research’s Counterpoint service, ‘bad unemployment’ is on the rise in the US, despite resilient growth. There are two ways that you can become unemployed. Either by losing your job. Or by entering the labour force to look for a job. The…

US headline CPI inflation accelerated from 0.3% m/m to 0.4% m/m in February, in line with expectations. A rise in gasoline prices and shelter inflation accounted for 60% of this increase. Meanwhile, the annual rate of change in the headline index unexpectedly…

For the past year, relatively large downward revisions have been key features of the monthly US nonfarm payrolls reports. Friday’s release was no exception. Although it showed the magnitude of job gains beat expectations in February, estimates for December…

According to BCA Research’s European Investment Strategy service, last week’s ECB meeting confirmed their long-held view that the most likely date for the first ECB rate cut would be June. The ECB continues to acknowledge that the European economy is soft…

Results of the New York Fed’s Survey of Consumer Expectations showed an uptick in medium- and long-term inflation expectations in February. Specifically, the three-year ahead measure rebounded from a record low of 2.4% to 2.7% and the five-year ahead gauge…