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Global Macro Playbook
Fed's Williams: Current Interest Rates on Track to Curb Inflation
Federal Reserve Bank of New York President John Williams expressed confidence that the current level of short-term interest rates will help bring inflation back down to the central bank's 2% target, according to remarks reported by Reuters.Williams' comments, delivered Tuesday in a speech before a gathering
Global Macro Playbook
Europe's Gas Crisis to Ripple Across Asia, Fueling Global Price Spike
Europe's natural gas crisis is intensifying, with prices reaching two-year highs, and the impact is expected to soon ripple across the Asian market, according to a report by Nikkei Asia. The reversal of the usual price differential between the two regions is prompting buyers in Asia to divert
Global Macro Playbook
Japan's Wholesale Inflation Heats Up, Strengthening Rate Hike Bets
Japan's wholesale inflation surged to a 4.2% annual increase in January, its fastest pace in five months, according to data released Thursday by the Ministry of Internal Affairs and Communications, as reported by Reuters. This unexpected acceleration reinforces market expectations of a near-term interest rate hike by
Global Macro Playbook
Dollar Surges as Hot Inflation Data Extends Rate Hike Bets
The US dollar soared to a one-week high against the Japanese yen on Wednesday, fueled by stronger-than-expected inflation data for January, as reported by Reuters. This unexpected jump in consumer prices is prompting markets to recalibrate their expectations for Federal Reserve interest rate cuts, potentially delaying the anticipated easing of
Global Macro Playbook
Trump's Tariff Trick: Stealthy Shift to Consumption Tax?
US President Donald Trump's persistent claim that China is footing the bill for his tariffs is facing significant scrutiny, with economists consistently refuting the assertion. However, some analysts speculate that Trump may be employing a calculated tactic, using the "foreigners are paying" narrative to advance a
Reuters
Asia moves quickly to replace sanctioned Russian crude oil: Russell
Asia's crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to alternatives for deliveries in coming months.
Economist
Elon Musk is failing to cut American spending
DOGE has so far disrupted everything in government bar the deficit
Global Macro Playbook
Fed to Hold Rates "Quite a While" Despite Hot Inflation, El-Erian Says
Mohamed El-Erian, President of Queens’ College, Cambridge, and Bloomberg Opinion columnist, says the Federal Reserve will likely hold interest rates steady for a significant period following the release of a hotter-than-expected inflation report.In an interview on Bloomberg Television, El-Erian stated that the Fed, if truly committed to its
Global Macro Playbook
US Inflation Unexpectedly Heats Up, Reinforcing Fed Pause
US inflation unexpectedly accelerated in January, further dampening hopes for near-term interest rate cuts, Bloomberg reports. The news, which follows a Wednesday report from the Bureau of Labor Statistics, is likely to keep the Federal Reserve on hold for the foreseeable future.The Consumer Price Index (CPI) rose 0.5%
scmp.com
US-China military space race, Taiwan’s DeepSeek ban: SCMP daily highlights
From Beijing slamming Taipei’s DeepSeek ban to Chinese GPUs outdoing Nvidia chips, here’s a round-up from today’s China and economy coverage.
Reuters
Cook Islands prime minister discusses marine, climate and economics in China visit
Cook Islands' Prime Minister Mark Brown said on Thursday he had held discussions with institutions on marine science, climate resilience and economic cooperation so far during a trip to China that has ...
Nikkei Asia
Indonesia state investor to launch fund with Development Bank of Japan
TOKYO -- The government-backed Development Bank of Japan will as early as Friday launch a $60 million fund with Indonesia's sovereign wealth fund to provide financing to midsize companies in a country ...
Reuters
OPEC sticks to 2025, 2026 global oil demand growth forecasts
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to ...
scmp.com
Hong Kong stocks hit 4-month high as DeepSeek-driven revaluation takes hold
Hong Kong stocks rose on Wednesday, lifting the benchmark index to its highest level in four months, as the hype over DeepSeek continued to drive sentiment. The Hang Seng Index jumped 2 per cent to 21 ...
Nikkei Asia
Japan economy grows 1.0% on month in December: JCER
TOKYO -- Japan's economy is estimated to have grown at an annualized rate of 1.0% in December from the previous month, driven by a surge in exports ahead of possible new tariffs imposed by U.S.
Reuters
India's equity mutual funds see slight drop in flows in January
Inflows into India's equity mutual funds declined slightly in January from the previous month, as a drop in buying in the sectoral and thematic funds overpowered rising traction of largecaps, data ...
Reuters
Fed's Williams says monetary policy is in right place to achieve Fed goals
Federal Reserve Bank of New York President John Williams said Tuesday the current level of short-term interest rates should help get inflation back to the central bank's 2% target, in comments that ...
Bloomberg L.P.
Which Direction Is the US Economy Actually Going?
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent ...
Reuters
Almost a third of central banks delaying digital currency plans, report shows
Nearly a third of central banks have pushed back launching digital versions of their currencies, a new survey shows, although a desire to protect their money-minting powers mean most still intend to ...
Reuters
Vance says U.S. cares 'a lot' about Europe as trade war fears brew
U.S. Vice President JD Vance on Tuesday said he would discuss trade and economic issues with European Commission President Ursula von der Leyen, after Washington decided to impose tariffs on all steel ...
Reuters
Private equity poised for growth in India as IPOs wane, industry executives say
Indian private equity and venture capital firms are hoping the ongoing slump in markets this year will force businesses to tap private funding unlike 2024 when a red-hot IPO market saw many investors ...
The Financial Times
How low can European rates go?
In frequently declaring their monetary policy setting to be “restrictive”, European Central Bank president Christine Lagarde and Bank of England governor Andrew Bailey have raised the immediate follow ...
Reuters
OPEC takes long-term view of global oil markets, aims for stability
Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al-Ghais said at the India Energy Week ...
Reuters
Futures dip as Powell speech in focus for tariff, inflation comments
U.S. stock index futures slipped on Tuesday as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on inflation in the world's biggest ...
Reuters
Gold at record, stocks mixed as investors weigh Trump's latest tariff threat
Gold shot to a record high and stocks were subdued on Tuesday as investors braced for further shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and ...
Economist
Donald Trump’s Super Bowl tariffs are an act of self-harm
Duties on aluminium and steel will throttle American industry and fragment global markets
Reuters
Thailand to start long-term equity fund to help flagging market
Thailand's government plans to set up a long-term equity fund to support the Thai stock market , the finance minister said on Tuesday, as the bourse has been the worst performing market in Asia so far ...
Reuters
Indian Oil buying sanction-free Russian crude oil cargoes, chairman says
Indian Oil is buying Russian crude oil cargoes without the involvement of sanctioned entities and expects gasoline demand to grow 6-7% in the fiscal year 2026, the company's chairman said on Tuesday.
Reuters
Bond traders waver as Trump questions US government debt figures
Bond investors were thrown off balance on Monday by U.S. President Donald Trump's weekend remarks on investigating Treasury debt payments for fraud, with some hoping they signaled a future pullback in ...
Nikkei Asia
China's sluggish economy could hinder negotiations on Trump tariffs
China on Monday imposed additional tariffs of 15% on American coal and liquefied natural gas (LNG) along with a 10% duty on crude oil, retaliating against tariffs imposed by U.S. President Donald ...