Macro dashboard
Macro data, central bank guidance, labor trends, inflation prints and credit conditions translated into market-relevant context.
This week, the U.S. market will see bank earnings reports, CPI/PPI inflation data, and the performance of leading healthcare companies. This article analyzes the long-term implications of these events for global asset allocation from the perspective of institutional investors.
Although the easing of the situation in Iran has led to a decline in inflation expectations, real yields have risen sharply and benchmark interest rates remain high. AI investment, government deficits, and the Fed's hawkish stance are key factors behind this.
The Bank for International Settlements (BIS) Annual Economic Report points out that the sustainability of the AI boom, financial fragility, public fiscal strain, and the return of inflation are the main pressure points facing the global economy. Policymakers must prioritize maintaining price stability, fiscal sustainability, and financial stability.
Japan's 10-year government bond yield broke through 2.23%, and the BOJ exited yield curve control, marking Japan's entry into an era of market-driven interest rates. This article analyzes its profound impact on global capital flows, the banking system, and institutional asset allocation.
The Bank of Japan ends negative interest rates and raises rates, marking the exit of the last major loose monetary policy in the world. How will this move affect global capital flows, arbitrage trading, and asset allocation of institutional investors?
Global technology stocks are experiencing a massive sell-off, pressured by expectations of Federal Reserve interest rate hikes and concerns over AI chip demand. This article analyzes the market background, changes in capital flows, and long-term investment logic, providing institutional investors with a macro perspective.
The Reserve Bank of India kept the repo rate unchanged at 5.25%, but signaled a hawkish tilt amid a lower growth forecast and a higher inflation forecast. This article analyzes the implications of this policy mix for institutional investors from the perspectives of global capital flows, interest rate cycles, and asset allocation in emerging markets.