Economy & Global Macro

Bloomberg.com
$50-a-Barrel Oil Is a Problem for US Trade Deficit - Bloomberg.com
The Shale Revolution Turned American Oil Trade. The US only became a net exporter of crude and other refined petroleum products in 2020, reversing...
$50-a-Barrel Oil Is a Problem for US Trade Deficit - Bloomberg.com
CNBC
U.S. Energy Secretary bullish on shale despite plunging oil prices - CNBC
The June expiry contract of global benchmark Brent crude was ... Liberty Energy's share price has suffered amid the slide in oil prices...
U.S. Energy Secretary bullish on shale despite plunging oil prices - CNBC
CNBC
US targets China oil storage terminal in new Iran-related sanctions - CNBC
... crude oil and petroleum products terminal on Huangzeshan Island in Zhoushan, China. ... Residents of one of the states listed in the 'Your Rights'...
US targets China oil storage terminal in new Iran-related sanctions - CNBC
Reuters
Oil prices set to drop for a second week over US-China trade war | Reuters
Oil prices were stable on Friday but on track for their second weekly loss in a row against a backdrop of investor concern over the burgeoning...
Oil prices set to drop for a second week over US-China trade war | Reuters
CNBC
Roller-coaster week for global bonds continues as 'Trump put' sparks reversals - CNBC
Many global bond yields reversed course on Thursday, with U.S. Treasury yields cooling as German yields rose. Markets are still reeling from U.S....
Roller-coaster week for global bonds continues as 'Trump put' sparks reversals - CNBC
CNBC
10-Year Treasury yields fall after Trump's tariff reprieve - CNBC
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff...
10-Year Treasury yields fall after Trump's tariff reprieve - CNBC
Global Macro Playbook
US Oil, Farm Exports Vulnerable in Tariff Battle, says Currie
The United States' reliance on exporting easily replaceable commodities like oil and agricultural goods puts it squarely in the "crosshairs" of the ongoing trade war with China, potentially inflicting more pain on American consumers than their Chinese counterparts, warned Jeff Currie, Chief Strategy Officer of Energy Pathways
US Oil, Farm Exports Vulnerable in Tariff Battle, says Currie
Reuters
Fed chair nears second chance to channel his hero - Reuters
Jerome Powell's impressive soft landing only leads to more hard choices. The Federal Reserve chairman's feat leading an effort to tame runaway...
Fed chair nears second chance to channel his hero - Reuters
Bloomberg.com
Fed Officials Worried Over Stagflation Risk Ahead of Tariffs - Bloomberg.com
Fed Chair Jerome Powell said in an April 4 speech the tariff increases were “significantly larger than expected.” He added, “The same is likely to...
Fed Officials Worried Over Stagflation Risk Ahead of Tariffs - Bloomberg.com
Reuters
Trump tariff pause will not change fundamentals for a Fed that sees risks ahead | Reuters
U.S. Federal Reserve Chair Jerome Powell speaks at a press conference ... Federal Reserve now have three more months of uncertainty around...
Trump tariff pause will not change fundamentals for a Fed that sees risks ahead | Reuters
Reuters
Fed's Goolsbee: Rate cuts still possible if economy gets back on track | Reuters
Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday high levels of uncertainty amid very aggressive trade tariffs argues for a...
Fed's Goolsbee: Rate cuts still possible if economy gets back on track | Reuters
Reuters
BOJ's Ueda sticks to rate-hike stance but signals focus on risks | Reuters
Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue to raise interest rates if the economy keeps recovering,...
BOJ's Ueda sticks to rate-hike stance but signals focus on risks | Reuters
Bloomberg.com
Bessent Brushes Off Stronger Yen Ahead of Trade Talks With Japan - Bloomberg.com
As a result of the stronger domestic data “the Bank of Japan is raising rates, so all that's natural,” he added. The remarks came as the yen traded...
Bessent Brushes Off Stronger Yen Ahead of Trade Talks With Japan - Bloomberg.com
Bloomberg
Japan to Keep Pressing for Tariff Relief During 90-Day Pause - Bloomberg
... economic issues, including the impact of tariffs on the global economy and the multilateral free-trade system, according to Japan's Foreign Ministry.
Japan to Keep Pressing for Tariff Relief During 90-Day Pause - Bloomberg
Reuters
Japan sets up task force for U.S. trade talks as tariff risk clouds economy | Reuters
Japanese Prime Minister Shigeru Ishiba on Friday set up a task force to oversee trade negotiations with the United States, headed by his close...
Japan sets up task force for U.S. trade talks as tariff risk clouds economy | Reuters
Kyodo News
90-day reprieve from U.S. reciprocal tariffs "positive": Japan - Kyodo News
Prime Minister Shigeru Ishiba vowed to deploy all possible steps to curb the impact of the higher U.S. tariffs on Japan's export-oriented economy, as...
90-day reprieve from U.S. reciprocal tariffs
Time
How the World Is Reacting to Trump's Tariff Reversal - Time
... economy.” Trump's pause came hours after the European Union voted to ... Ryosei Akazawa, Japan's Minister for Economic Revitalization who was...
How the World Is Reacting to Trump's Tariff Reversal - Time
NPR
U.S. stocks slump again as euphoria over Trump's tariff pause fades - NPR
Investors in Europe on Wednesday began to reduce their bets on the possibility of rate cuts by the European Central Bank, which would have been...
U.S. stocks slump again as euphoria over Trump's tariff pause fades - NPR
Reuters
ECB's Villeroy says Trump policies have eroded confidence in US dollar | Reuters
US President Donald Trump's policies in recent weeks have eroded confidence in the US dollar, European Central Bank (ECB) policymaker Francois...
ECB's Villeroy says Trump policies have eroded confidence in US dollar | Reuters
Central Banking
Central bank independence helps price stability – ECB paper
Independent central banks are better placed to ensure price stability, a study by the European Central Bank has found.
Central bank independence helps price stability – ECB paper
Reuters
ECB warns that fragmented EU bank scene is vulnerable to shocks | Reuters
A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany ... European Central Bank supervisor Claudia Buch said on Thursday.
ECB warns that fragmented EU bank scene is vulnerable to shocks | Reuters
CNBC
Stock market news for April 10, 2025 - CNBC
Stocks fell on Thursday after a massive rally on Wall Street spurred by President Donald Trump announcing a 90-day reprieve on some of his...
Stock market news for April 10, 2025 - CNBC
Reuters
Yuan falls to 2007 lows as US tariffs on China kick in | Reuters
MARKET STABILISATION. The People's Bank of China on Wednesday set the midpoint rate - around which the onshore yuan is allowed to trade in a 2% band -...
Yuan falls to 2007 lows as US tariffs on China kick in | Reuters
Bloomberg.com
China State Media Hints at Rate Cuts to Counter Trump's Tariffs - Bloomberg
The People's Bank of China has vowed to lower borrowing costs and the amount of cash banks must keep in reserve at an appropriate time four times...
China State Media Hints at Rate Cuts to Counter Trump's Tariffs - Bloomberg
CNBC
China consumer prices decline for a second straight month; producer deflation deepens
Li Daokui, Mansfield Freeman professor of economics at Tsinghua University and former advisor at the People's Bank of China, believed Beijing was...
China consumer prices decline for a second straight month; producer deflation deepens
Financial Times
Chinese renminbi hits 18-year low as it becomes trade war flashpoint - Financial Times
The People's Bank of China has for six consecutive sessions allowed a weakening in the official “fixing” rate for the onshore currency, in a sign...
The Guardian
Fact check: are US tariffs really bringing in $2bn a day as Trump claims? - The Guardian
However, the economic damage they would inflict reduces that revenue to about $2.3tn. Trump has said the revenue could be used to help cut taxes for...
Fact check: are US tariffs really bringing in $2bn a day as Trump claims? - The Guardian
Reuters
Fed officials signal no plans to ride to the rescue with rate cuts | Reuters
Federal Reserve policymakers worry U.S. President Donald Trump's trade policy could deal a blow to economic growth, but are signaling they will...
Fed officials signal no plans to ride to the rescue with rate cuts | Reuters
Reuters
Gold prices climb over 1% as Trump hikes China tariffs | Reuters
Gold rose more than 1% on Thursday as investors flocked to safe-haven bullion after the U.S. hiked tariffs on China, the top metals consumer,...
Gold prices climb over 1% as Trump hikes China tariffs | Reuters
Reuters
Tariffs caused US Treasury market dislocations, raising longer term concerns - Reuters
... bond market, as hedge funds unwound some debt-fuelled bets and investors raised concerns about lasting damage to U.S. markets.
Tariffs caused US Treasury market dislocations, raising longer term concerns - Reuters