海外研报

A major rotation is underway in global equities

The surprisingly soft US June CPI print has triggered a price surge in highly-levered and beaten-up global small-cap stocks relative to their large-cap counterparts. In our view, this

BoJ seen forgoing July rate hike to ensure trouble-free start to QT

We expect the BoJ will leave its guidance target for the uncollateralized overnight call rate on hold at “around 0% to 0.1%” at the July 30-31 Policy Board meeting,

Not everyone gets a medal

Amid an equity sell-off, US economic data may show soft spotsbut remain solid overall. Meanwhile, signals out of Europe and

Baby Pool Closed for “Maintenance”

Anyone who ever got that notice from a town or community pool knows exactly what happened. It feels like some of that has gone on in our markets of late, ensuring that this is an “adult swim.” For

Weak momentum persisted in North Asian markets amid significant foreign outflows

MXAPJ lost 1.9%, dragged down by Taiwan, Korea, Chinaand Hong Kong (down 2-4%), while India (+2%) and

Shifting HK IG to Neutral; Now Prefer Malaysia A Corp

Another week that saw spreads move within a narrowrange.

A bumpy road into the unknown, an elegy

The unprecedented developments surrounding the US general elections have dominated the headlines as the outcome will largely define the US economic, fiscal and