Merlea Macro Matters
Macro Matters October 2024
15 October
(Source: Merlea Macro Matters) Summary The global economic landscape continues to follow distinct paths in the world's three largest economies. The U.S. economy is performing strongly, with growth above expectations despite high interest...[Read More]
Macro Matter September 2024
20 September
(Source: Merlea Macro Matters) Summary As the global monetary cycle shifts towards synchronised easing, September brings heightened market volatility, with the unwinding of the yen carry trade posing significant risks. Following the Bank of...[Read More]
Macro Matters August 2024
14 August
(Source: Merlea Macro Matters) Summary Global Market Turmoil and the End of Easy Money Monday's global market turmoil was anticipated, driven by short-term pressures like the unwinding of the yen-based carry trade. In this trade,...[Read More]
Macro Matters July 2024
16 July
(Source: Merlea Macro Matters) Summary Global Political Shifts and Economic Uncertainty Fuel Market Volatility The rising anti-EU sentiment in France, coupled with the uncertainty following Macron's snap election, highlights societal...[Read More]
Macro Matters June 2024
18 June
(Source: Merlea Macro Matters) Summary Due to the delayed easing by the Federal Reserve, many other economies will also see postponed rate reductions. This includes countries with currency pegs to the US dollar, like Saudi Arabia, and those...[Read More]
Macro Matters May 2024
21 May
(Source: Merlea Macro Matters) Summary In the latest market developments, a combination of factors are shaping investor sentiment. With inflation on a downward trajectory and robust corporate profits, particularly in the realm of AI-focused...[Read More]
Macro Matters April 2024
18 April
(Source: Merlea Macro Matters) Summary Economic resilience remains a notable narrative across major developed economies, particularly in Europe and Japan, where performance has exceeded expectations. Europe benefits from decreased natural gas...[Read More]
Macro Matters February 2024
23 February
(Source: Merlea Macro Matters) Summary As we reflect on the economic landscape spanning from mid-2021 to late 2022, it becomes evident that despite robust growth and a strong job market, overall sentiment remained bleak. Although this period...[Read More]
Macro Matters January 2024
2 February
(Source: Merlea Macro Matters) Summary Key factors to monitor for the 2024 global economic outlook include - US interest rates, oil prices and the Chinese economy. The resilience of the world economy in 2023 surpassed initial...[Read More]
Macro Matters December 2023
18 December
(Source: Merlea Macro Matters) Tis the season for financial reflection, as we unwrap the present state of markets. Summary Exploring the recent dynamics in the financial markets reveals a compelling narrative. The Federal Reserve's decision...[Read More]
Macro Matters November 2023
10 November
(Source: Merlea Macro Matters) Summary The global economic landscape is navigating uncertain terrain, with various factors impacting both developed and emerging markets. While the spectre of a recession hasn't fully materialised, it's becoming...[Read More]
Macro Matters October 2023
19 October
(Source: Merlea Macro Matters) Summary In September, global stock markets encountered challenges influenced by factors such as concerns about economic growth and expectations regarding interest rates. While the US experienced positive outcomes...[Read More]
Macro Matters September 2023
22 September
(Source: Merlea Macro Matters) Summary Global GDP stagnated in the second quarter of 2022 and output declined in the G20 economies. While it is likely that growth in the third quarter has been positive, helped by a pick-up in China, several...[Read More]
Macro Matters August 2023
25 August
(Source: Merlea Macro Matters) Summary Global inflation continued to slow broadly, fuelling hope that central banks would begin to ease up on their aggressive tightening policies. Despite the optimism, however, core inflation in most developed...[Read More]
Macro Matters July 2023
4 August
(Source: Merlea Macro Matters) Summary Bond yields rose in many countries, including in the US. US equities posted substantial gains as stress in regional banks eased. A relatively small cohort of technology stocks powered the US stock market...[Read More]