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Global Macro Playbook
Latest Global Macro News and Analysis

Featured articles

Trump's Quest for Cheap Energy

Trump's Quest for Cheap Energy

Trump and Bond Yields

Trump and Bond Yields

Can China Spend Its Way Out of a Slump?

Can China Spend Its Way Out of a Slump?

Goldman Sachs Projects 50% Growth for Global Gas Market

Goldman Sachs Projects 50% Growth for Global Gas Market

Mutual Funds Embrace Leverage, Pushing Treasury Futures Holdings to Record Highs

Mutual Funds Embrace Leverage, Pushing Treasury Futures Holdings to Record Highs

Japan's Stock Market Rally Shows Staying Power: Fidelity

Japan's Stock Market Rally Shows Staying Power: Fidelity

Delayed Fed Rate Cuts Raise Credit Risks and Spillover Concerns, S&P Global Warns

Delayed Fed Rate Cuts Raise Credit Risks and Spillover Concerns, S&P Global Warns

US Consumer Borrowing Growth Slows Amidst High Interest Rates

US Consumer Borrowing Growth Slows Amidst High Interest Rates

EIA Forecasts Brent Crude to Remain Near $90 per Barrel in 2024

EIA Forecasts Brent Crude to Remain Near $90 per Barrel in 2024

S&P Global Pushes Back Fed Rate Cut Expectations

S&P Global Pushes Back Fed Rate Cut Expectations

S&P 500 Companies Exceed Earnings Expectations in Q1: FactSet

S&P 500 Companies Exceed Earnings Expectations in Q1: FactSet

Asian Central Banks Face Currency Weakness as US Dollar Strengthens

Asian Central Banks Face Currency Weakness as US Dollar Strengthens

Treasury Signals Stable Debt Issuance, Calming Market Jitters

Treasury Signals Stable Debt Issuance, Calming Market Jitters

Central Banks Fuel Record-Breaking Gold Demand: World Gold Council

Central Banks Fuel Record-Breaking Gold Demand: World Gold Council

Oil Price Outlook: Upside Risks Dominate, Says World Bank

Oil Price Outlook: Upside Risks Dominate, Says World Bank

Global Economic Expansion Broadens, But US Growth Slows: S&P Global

Global Economic Expansion Broadens, But US Growth Slows: S&P Global

China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

Private Equity at an Inflection Point: Goldman Sachs

Private Equity at an Inflection Point: Goldman Sachs

High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

High Gas Inventory Levels Point to Easing Market Fundamentals: IEA

Oil: What a Fracking World

Oil: What a Fracking World

[Video] Will Inflation Save Japan from the Lost Decades?

[Video] Will Inflation Save Japan from the Lost Decades?

The Resurgence of Japan

The Resurgence of Japan

The Institutionalization of Gold

The Institutionalization of Gold

The Crisis of Aging

The Crisis of Aging

The Carry in the Conundrum

The Carry in the Conundrum

Latest news and headlines

Reuters
US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer ...
Reuters
US government shutdown showdown creates another investor worry
The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in implementing its agenda, adding a market ...
Global Macro Playbook
Trump's Policies May Limit Fed Rate Cuts in 2025

The Federal Reserve's "hawkish" quarter-point rate cut, the third of 2024, signals a shift towards a more cautious approach to monetary policy, and President-elect Donald Trump's proposed policies could further limit the central bank's ability to lower rates in 2025, according to

Financial Times
Letter: When Trump’s tariffs meet Smith’s ‘invisible hand’
Donald Trump’s mercantilist wish list may not work out as he hopes ( Opinion, FT Weekend, November 30). In the colonial era, commodity supplier countries did not need the raw materials they supplied ...
MarketWatch
Fed's Goolsbee says interest rates 'can still go down by a fair amount'
Chicago Federal Reserve President Austan Goolsbee still think interest rates are too high for the good of the U.S. economy. But he said it will probably take longer to reduce them to what he considers ...
Financial Times
Trump tells EU to buy US oil and gas or face tariffs
US president-elect warns bloc’s member states face tariffs unless they make big purchases
CNBC
The Fed cut interest rates, but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
MarketWatch
Equal-weight S&P 500 rises in broad stock-market bounce Friday afternoon
The U.S. stock market’s bounce was broad on Friday, with an equal-weight version of the S&P 500 index posting a large gain in afternoon trading. The Invesco S&P 500 Equal Weight ETF, which tracks an ...
MarketWatch
Stock Market Today: Dow books biggest gain since day after U.S. election as inflation report sparks relief
Traders brace for volatility with a record $6.6 trillion in options due to expire in Friday’s ‘triple witching’ The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.
Global Macro Playbook
Trump Threatens EU with Tariffs Over Oil and Gas Imports

President-elect Donald Trump has warned the European Union that it must significantly increase purchases of US oil and gas or face tariffs on a wide range of exports, including cars and machinery, reports Reuters.

Trump, who takes office on January 20, 2025, issued the ultimatum in a post on Truth

CNBC
The Fed cut interest rates but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
Global Macro Playbook
Marshall Wace Backs Ex-Citadel Trader with $1 Billion

Marshall Wace, the world's largest hedge fund, has allocated $1 billion to a new trading book led by former Citadel portfolio manager Richard Northridge, reports Bloomberg. This significant investment is part of Marshall Wace's flagship Eureka hedge fund, which currently manages $22 billion.

Marshall Wace revealed

Global Macro Playbook
Indian Equities Plunge as Fed Outlook Dampens Sentiment

Indian shares suffered their first weekly decline in five weeks, ending a four-week rally, as the Federal Reserve's shift towards fewer rate cuts next year triggered an exodus of foreign funds, reports Reuters.

The Nifty 50 index dropped 1.5% to 23,587.50 at market close on

Kiplinger
Stock Market Today: Muted Inflation Data Sparks Relief Rally
"This is a relief after Wednesday's painful shock," writes David Russell, global head of market strategy at TradeStation. "The Fed wants to be vigilant on inflation, but it might be less of an issue ...

More from global macro playbook

Newsletter

Dec
09

Trump's Quest for Cheap Energy

Nov
10

Trump and Bond Yields

Oct
06

Can China Spend Its Way Out of a Slump?

Jan
12

2024 Equity Outlook

Jan
07

2024 Interest Rate Outlook

See all

Equities

Dec
21

Fed Pivot Sends Shockwaves Through Bullish Stock Market: BofA

Dec
20

Indian Equities Plunge as Fed Outlook Dampens Sentiment

Dec
20

Marshall Wace Backs Ex-Citadel Trader with $1 Billion

Dec
18

South Korea's M&A Market Collapses as Investment Drops 40%

Dec
17

Record Outflows Hit China's Capital Markets in November

See all

Fixed Income

Dec
20

UK Bond Market in Turmoil as BOE Rate Path Remains Unclear

Dec
20

China's Short-Term Bond Yields Plunge to 2009 Low Amidst Easing Policy

Dec
19

Italy's Bonds Poised for Gains as German and French Uncertainty Grows

Dec
18

JPMorgan Shifts Focus to Australian Bonds as European Rally Cools

Dec
16

Dollar's Trump-Fueled Rally Faces Looming Reality Check

See all

Commodities

Dec
21

Trump Threatens EU with Tariffs Over Oil and Gas Imports

Dec
18

OPEC+ Wary of Renewed US Oil Output Surge Under Trump: Reuters

Dec
18

Asia LNG Physical MOC Trading Hits Record High on Winter Surge

Dec
18

Norway Backs Battery Start-Up Morrow with $134 Million Loan

Dec
18

Australian Mining Giants Join Forces to Develop Green Iron Plant

See all

Economy

Dec
21

Trump Threatens EU with Tariffs Over Oil and Gas Imports

Dec
20

China Lifts Four-Year Ban on Australian Rock Lobster Imports

Dec
20

UK Retail Sales Growth Stumbles in November Despite Budget Concerns

Dec
20

Bank of Russia Holds Key Rate Steady Despite Rising Inflation

Dec
20

Malaysia Aims for Lower Inflation in 2025 as Subsidy Reform Takes Shape

See all

Central Bank

Dec
20

UK Retail Sales Growth Stumbles in November Despite Budget Concerns

Dec
20

Bank of Russia Holds Key Rate Steady Despite Rising Inflation

Dec
20

Singapore's MAS May Hold Off on Easing Despite Low Inflation

Dec
20

Fed Cuts Rates, But Mortgage Costs Climb Higher

Dec
19

Norges Bank Holds Steady, But First Rate Cut Nears

See all