Manufacturing
According to BCA Research’s Emerging Markets Strategy service, investor sentiment in Vietnamese markets has soured significantly since 2022, when the authorities' sweeping crackdown on alleged corruption in the real estate sector expanded to political…
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, decelerated at a…
The ZEW survey of both German business expectations and current situation largely disappointed in September, decreasing by 15.6 points to 3.6 and by 7.2 points to -84.5, respectively. The ZEW survey of expectations for the broader Eurozone also fell…
The Chinese economic data in its totality was uninspiring in August. Industrial production and retail sales growth decelerated year-on-year and corroborate the message from August’s import and credit growth data that domestic demand remains lackluster.…
Trade data from small open economies act as a bellwether for global growth developments. In August, Korean exports expanded by 11.4% y/y in USD and 5.7% y/y in KRW terms, marking their eleventh and eighth consecutive month of expansion, respectively.…
The timeliest of the regional Fed manufacturing surveys sent a positive signal about the state of US manufacturing activity in September. The Empire State manufacturing general business conditions index surprised positively. It improved markedly from -4.7…
The US suffers from enough imbalances to produce a mild recession. Unfortunately, such a recession could lead to a significant bear market in stocks, just as it did during the very mild 2001 recession.
The ECB will cut rates once more this year; however, markets underprice how far it will ease next year.
As an industrial metal, copper acts as a barometer of economic activity. Silver and gold are safe-haven assets with inflation-hedging properties, though silver is relatively more sensitive to global growth developments given that industrial applications…