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Macro

August 8, 2026

Shutdown Averted, But Iron Ore Strikes and a Frozen UK Flats Market Bite

The Senate cleared a stopgap before the midterms while rolling strikes hit BHP's Port Hedland and evidence of UK consumer stress piled up.

August 6, 2026

Soft ADP Print Pulls the September Hike Off the Table and Lifts Gold to a Seven-Week High

Slowing private hiring, a dollar knocked to six-week lows by joint U.S.-Japan yen intervention, and a four-session gold rally all point the same direction ahead of Friday's payrolls.

August 4, 2026

Tokyo and Washington Draw a Line Under the Yen — and Markets Will Test It

Coordinated intervention pulled the yen off 40-year lows just as U.S. manufacturing hit a four-year high, setting up a heavy labor-data week.

August 3, 2026

China's Tourism Discounting Undercuts Its Last Consumer Bright Spot

Hotel revenue per room has fallen 6% year-on-year through late July even as UK factory output grows at its fastest pace in nearly two years — a widening split in the global demand picture.

August 2, 2026

Labour Markets Split Three Ways: India's Graduates, Germany's Managers, California's Floor

Youth unemployment near 40% among Indian graduates, hundreds of displaced Volkswagen managers and a $17.40 California wage floor describe the same economy from three different rungs.

August 1, 2026

Europe's drought is now an energy and food shock, not a weather story

Nuclear output is being cut on the Danube, UK wholesale lettuce is up 90%, and the ECB is warning the transmission runs into financial stability.

July 28, 2026

Wildfires and 'Super El Niño' Threaten to Squeeze Commodities Further

Wildfires across France and Spain and a forecast 'Super El Niño' add pressure to commodity markets even as BofA says the K-shaped consumer spending gap has closed.

July 28, 2026

Consumer Spending Gap Closes as China Tightens Trust Taxes, Australia's Housing Cools

BofA flagged a closing K-shaped consumer spending gap as China moved to tax offshore trusts and Australia's housing slowdown began weighing on its broader economy.

July 26, 2026

Tariff Fights Multiply as China Leans Into Trade and Energy Diplomacy

Australia and India are pushing back on new Trump tariffs while China deepens its trade and green-energy inroads amid Middle East disruption to oil markets.