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Macro

Understand the fast-changing domestic and global economic forces under the tectonic plates driving our markets.

Macro

Riding the wave: Global markets eye growth as inflation eases, bonds offer resilience

Inflation is coming down, but the phrase “the final mile of disinflation is hard” is a well uttered one.
Chris Iggo
AXA Investment Managers
Macro

The return of the operating leverage

The return of operating leverage may be one of the most important but underappreciated developments in 2024 and could be quietly driving a positive shift in market...
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Scott Helfstein
Global X ETFs
Macro

US inflation could take longer to reach the Fed's 2% target

Any delay in achieving the 2% inflation target points to interest rates staying high for longer
Kieran Davies
Coolabah Capital
Macro

Conflicting messages on policy from the RBA

The RBA thinks rates are at the right level to to return inflation to target, but discussed hiking today and warned on upside risks.
Kieran Davies
Coolabah Capital
Macro

The RBA holds interest rates at 4.35% - but will it rule anything in or out?

Will markets get the change in language they have been yearning for?
Hans Lee
Livewire Markets
Macro

Rents pose a risk to US inflation

Measures of new rents are giving conflicting signals on the outlook for housing costs, which are a key driver of inflation.
Kieran Davies
Coolabah Capital
Macro

What the smartest rates strategist on the street thinks about RBA

Barrenjoey's Andrew Lilley is miles ahead of both his peers and the RBA
Christopher Joye
Coolabah Capital
Macro

Should we “sell in May and go away”?

We continue to see shares having reasonable returns this year but expect a more constrained and volatile ride over the rest of the year.
Shane Oliver
AMP
Macro

Finally some relief - April Jobs Report

For the first time in several months, the jobs report brought relief to markets. Payroll gains dropped from above 300,000 to 175,000 in April, below market...
Seema Shah
Principal Asset Management
Macro

Chinese Manufacturing PMI steady at 50.4, US employment cost index rises 1.2% q/q

We look at five of the biggest developments across global markets for the week ending 3 May 2024
FMG
MQG
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Hue Frame
Frame Funds Management
Macro

Powell is still a dove at heart

Following a fairly terse opening statement where the Fed noted that there has been a lack of inflation progress of late, Powell’s press conference ultimately delivered...
Seema Shah
Principal Asset Management
Macro

RBA 40-60 hike vs hold, and you can forget about a rate cut in the next 12 months

Markets were expecting the next move in interest rates to be down, but after worse than expected inflation data a hike is back on the table.
Carl Capolingua
Livewire Markets
Macro

Why investors should be keeping one eye on this key economic data point

Central banks are paying more attention to these supply shocks in assessing their inflation outlook.
Diana Mousina
AMP
Macro

New Zealand in recession

NZ unemployment continues to rise as employment falls.
Kieran Davies
Coolabah Capital
Macro

The improvement in US wages growth stalls

Wages growth has slowed a lot from its COVID peak, but the improvement looks to have broadly stalled recently.
Kieran Davies
Coolabah Capital
Macro

Higher core inflation should challenge ECB signalling of a June rate cut

Euro area core inflation has picked up recently in trend terms on stronger services inflation.
Kieran Davies
Coolabah Capital
Macro

Surprise, surprise – The global economy forges ahead

The first quarter of 2024 has surprised on the economic front. Instead of the anticipated slowdown, coupled with US outperformance ending, what we saw was global...
State Street Global Advisors
State Street Global Advisors
Macro

April 2024 Podcasts

Below is a summary of the topics we covered on Nucleus Investment Insights this month. See the links for more information.
Damien Klassen
Nucleus Wealth
Macro

The scenario the Fed and RBA fear the most is upon us: Stagflation!

Inflation is heating up as economic growth is slowing. Should central banks hike rates to fight inflation or cut them to help the economy?
Carl Capolingua
Livewire Markets
Macro

The Fed is challenged by higher inflation in Q1

Underlying inflation has picked up sharply in Q1 on a range of measures.
Kieran Davies
Coolabah Capital
Macro

Australian CPI rises by 1.0% q/q, US corporate earnings mixed with a positive bias

We look at five of the biggest developments across global markets for the week ending 26 April 2024
COH
CSL
+2
Hue Frame
Frame Funds Management
Macro

Higher inflation should see the RBA revise up its outlook

History suggests that there is the risk that the RBA revises up its longer term forecasts of inflation.
Kieran Davies
Coolabah Capital
Macro

The RBA should warn that it could raise rates again

High inflation reinforces that the RBA should have raised rates by more last year, in line with its peers.
Kieran Davies
Coolabah Capital
Macro

Australian inflation was hotter than expected. Here's why

Australian inflation has ticked up - is this a bump in the road or was the end of 2023 the bottom?
Hans Lee
Livewire Markets
Macro

What investors should know about China's economy

A guide to making sense of China's economic data.
Janu Chan
Bitesized Economics
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