The August 2020 edition of our Global Macro Monitor focuses on the Chinese economy and implications for commodity investments. We explore the factors behind China’s rapid bounce back, and the sustainability of the ongoing recovery. We then evaluate the appeal of new commodity investments, paying special attention to crude oil and industrial metals.
The July 2020 edition of our US Macro Monitor focuses on the factors weighing on household spending, by far the biggest drag to activity today. We examine the disrupted link between income and consumption and evaluate the role of behavioural factors. We then discuss the implications of consumption shifts for US investment strategy.
The July 2020 edition of our Global Macro Monitor focuses on the European economy. We first discuss our latest economic outlook for the region, given ongoing mobility trends. We then turn to European equities, which we have now upgraded to overweight on growth, FX, and valuation considerations.
After rising sharply in value between February and May, the US dollar has weakened considerably since early June. In this special report, we explore the likelihood of EM currencies – hugely impacted by COVID – strengthening against the dollar on a trend basis. The report complements our recent two-part feature on EM economic and financial market prospects.
Our Industrial sector diffusion index has been flashing major decoupling with the broad economy for some time now. Although, the most likely outcome for the US is still positive growth, risks have markedly increased over the last quarter. Recession risk has jumped 24 points to 42% for 2020, the highest level since 2008.
Join Joaquin Kritz Lara, Numera Analytics’ Head of Macro Research, on Wednesday, October 9th at 11:00 am EDT, as he discusses how macro risks influence asset returns, and how to adjust your portfolio moving into 2020. Click here to register to our webinar.
Bloomberg Intelligence, Numera Analytics and Vertical Research Partners analysts invite you to join us for a joint webinar regarding key issues facing corrugated packaging markets, with a focus on North America and Europe. Numera’s David Vallières along with VRP’s Chip Dillon and Bloomberg’s Joshua Zaret will discuss the supply/demand and pricing outlook in North America, new/projected capacity additions, secular demand sources, as well as China’s wastepaper import restrictions and what they mean for US containerboard producers.
To participate in this webinar taking place on Thursday, April 4th, 2019, 10:00 AM EDT, please register here.
Neglecting the assessment of risk by solely offering point forecasts is leaving you vulnerable to unforeseen surprises or worse, to extreme events like what transpired in 2008. Join Numera’s Head of Macro Research & Senior Economist, JoaquĂn Kritz Lara and Chris Cook, Vice President of Global Macro Solutions for a live webinar covering key issues shaping the global investment outlook in 2019.
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Bloomberg Intelligence, Numera Analytics and Vertical Research Partners analysts invite you to join us for a joint webinar on key issues regarding the global pulp market, which has seen an extraordinary run-up in prices the last two years due to accelerated global economic growth and significant unscheduled mill downtime, along with an environmental clampdown in China on polluting capacity and recovered paper imports.
To participate in this webinar taking place on Tuesday, November 13, 2018, 11:00 AM EST, please register here.
Bloomberg Intelligence, Numera Analytics and Vertical Research Partners analysts invite you to join us for a joint webinar regarding key issues in the volatile recovered-fiber market and its impact on market pulp and corrugated packaging.
To participate in this webinar taking place on June 20, 2018, 10:00 AM EDT, please register here.
Bloomberg Intelligence, Numera Analytics and Vertical Research Partners analysts invite you to join us for a joint webinar regarding key issues facing the corrugated packaging market, with a focus on North America and Europe. Paul Leclair, Vice President and Chief Economist at Numera Analytics, will discuss demand for corrugated boxes, which has been growing at a healthy clip in North America and Europe. He will focus on how long it can last by zeroing in on the market segments that are driving the growth and macro headwinds that could derail the expansion.
To participate in this webinar taking place on April 17, 201,8 11:00 AM EDT, please register here.