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Global Macro Playbook
BOJ Holds Steady on Rates as Tariff Uncertainty Clouds Outlook
The Bank of Japan (BOJ) held its key interest rate steady at 0.5% on Wednesday, choosing to carefully assess the impact of potential US tariff hikes on Japan's export-dependent economy.The decision, while widely expected, comes as global slowdown fears, fueled by US President Donald Trump'
Global Macro Playbook
US Retail Sales Tick Up as Economic Uncertainty Grows
US retail sales edged up in February, signaling a cautious consumer and growing economic uncertainty, Reuters reports. While the modest increase suggests continued economic growth, the slowdown in discretionary spending highlights mounting concerns.The Commerce Department's report, released Monday, indicates a moderate pace of economic expansion in the
CNBC
Trump policies 'promise' an economic downturn, says prominent forecaster in first-ever 'recession watch'
The UCLA Anderson Forecast, citing substantial changes to the economy from policies of the Trump administration, issued its first-ever "recession watch" on Tuesday.
CNBC
The Fed will update its rate projections Wednesday. Here's what to expect
If market pricing is correct, there's virtually no chance central bank policymakers budge from the current level of their key interest rate.
Reuters
Thai economy to grow slightly above 2.5%, central bank minutes show
Thailand's economy is seen growing slightly more than 2.5% this year, minutes of the Bank of Thailand's February 26 monetary policy meeting showed on Wednesday.
CNBC
Retail investors ditch buy-the-dip mentality during the market correction
Retail outflows from U.S. equities rose to about $4 billion over the past two weeks, according to data from Barclays.
CNBC
Wall Street analysts defend Capital One stock after Monday's selloff. Here's where we stand
KBW maintained its buy-equivalent rating on Capital One, calling Monday's market reaction to the report "overblown."
Reuters
Indonesia minister says China's Fujian province plans $975 million investment in special economic zone
China's Fujian provincial government plans to invest 16 trillion rupiah ($975 million) in Indonesia's special economic zone in Batang in Central Java province, Indonesia's chief economic minister said ...
CNBC
Stocks making the biggest moves midday: Tesla, Palantir, Nvidia, Hims & Hers and more
These are the stocks posting the largest moves in midday trading.
CNBC
The most widely followed investor survey showed a huge 'crash' in bullish sentiment for stocks
Bank of America's Global Fund Manager Survey posted its biggest pullback in investor sentiment since March 2020.
Reuters
Japan manufacturers' mood sours in March over Trump tariffs, Chinese economy
Business sentiment among Japanese manufacturers in March worsened for the first time in three months into negative territory on concerns about U.S. tariff policies and weakness in China's economy, a ...
CNBC
Texas has 'stronger brand than New York' as Wall Street looks south, Gov. Greg Abbott says
The Texas governor spoke to CNBC after Nasdaq announced it was opening a regional headquarters in Dallas.
Global Macro Playbook
BofA Survey Reveals Record Drop in Investor Exposure to US Equities
According to a Bank of America Corp. survey, investors have drastically reduced their exposure to US equities in recent weeks, marking the largest drop on record, as reported by Bloomberg.The survey, conducted from March 7th to March 13th with 171 participants managing $426 billion in assets, revealed that fund
Global Macro Playbook
Japan's Land Prices Surge at Fastest Rate in 34 Years, Driven by Tourism and Economic Growth
According to a government survey released Tuesday, Japan's land prices experienced their most significant surge in 34 years in 2024, with recovery extending to regional areas, fueled by sustained economic growth.The Land Ministry survey indicates that average nationwide land prices, encompassing both residential and commercial properties, rose
CNBC
Stocks making the biggest moves premarket: Ralph Lauren, Duolingo, Baidu and more
These are the stocks posting the largest moves in premarket trading.
CNBC
Tesla's China rival Zeekr to roll out advanced driver assistance-system for free
Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up.
Global Macro Playbook
OECD: Trump's Tariffs to Stunt North American Growth and Fuel Inflation
The Organization for Economic Cooperation and Development (OECD) warns that President Donald Trump's tariff policies will significantly impede economic growth in the United States, Mexico, and Canada while simultaneously driving up inflation. This projection, as reported by Reuters, comes as Trump vows to move forward with a new
CNBC
Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
The 32 survey respondents, who include fund managers, strategists and analysts, raised the probability of recession to 36% from 23% in January.
Nikkei Asia
As Trump eyes reciprocal tariffs, Japan's red tape draws fire
WASHINGTON -- American businesses have flagged Japanese digital regulations and other nontariff barriers as key hurdles to trade as U.S. President Donald Trump prepares to announce reciprocal tariffs ...
Global Macro Playbook
NRF CEO: Consumers Hitting Pause, Choosing Savings Over Spending
After nearly five years of sustained growth, US consumers are showing signs of caution, choosing to save rather than spend amid a climate of economic uncertainty, according to Matthew Shay, CEO of the National Retail Federation (NRF). This shift, reflected in recent retail sales figures and consumer sentiment surveys, has
Financial Times
Monetary Policy Radar preview: Federal Reserve’s March meeting
The Federal Reserve is almost certain to hold rates at Wednesday’s FOMC meeting as it gets to grips with an outlook of lower growth and higher inflation. The start of Donald Trump’s tariff campaign at ...
Reuters
Kazakhstan removes energy minister amid tensions with OPEC+, oil majors
Kazakhstan's energy minister will stand down from his role, the country's presidential office said on Tuesday, as the government struggles to convince U.S. and European oil companies to lower ...
Reuters
Russia's Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says
Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil producer said on Tuesday.
CNBC
Wholesale egg prices have 'plunged,' analyst says — shoppers may soon see some relief
Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.
CNBC
Stocks making the biggest moves midday: Intel, Tesla, Affirm, Robinhood and more
These are the stocks posting the largest moves in midday trading.
Global Macro Playbook
Krugman Warns Tariffs Risk Destabilizing Inflation Expectations
Are President Trump’s tariffs setting the stage for a sustained period of inflation, or are they just a temporary blip on the economic radar? Nobel laureate Paul Krugman warns that the risk of destabilizing inflation expectations is very real, even as recent data paints a mixed picture. While
CNBC
Deutsche Bank says the market sell-off has another 6% to go as consumer and corporate confidence dives
The market sell-off is not over yet as consumer and corporate confidence take a dive on tariff uncertainty, according to Deutsche Bank.
CNBC
Retail sales increased 0.2% in February, though spending up less than expected
Retail sales were expected to show a 0.6% increase in February, according to the Dow Jones consensus estimate.
CNBC
Retail sales increased 0.2% in February, less than expected; ex-autos up 0.3%, meeting estimate
Retail sales were expected to show a 0.6% increase in February, according to the Dow Jones consensus estimate.
CNBC
Buffett's Berkshire hikes stakes in five Japanese trading houses to almost 10% each
Berkshire Hathaway raised its holdings in five Japanese trading houses —  Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.