Shows / The Macro Brief by HSBC Global Research
The Macro Brief by HSBC Global Research
A weekly update on key macro issues influencing developed and emerging markets around the world. Our economists, strategists and analysts share their insights, views and ideas to help guide your outlook. Subscribe now.
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Episodes
The Macro Brief by HSBC Global ResearchWhat Brazil's election means for LatAm
Joseph Incalcaterra, Head of LatAm Macro Strategy, joins Aline van Duyn to assess the region's outlook following Lula da Silva's re-election as Brazil's…
The Macro Brief by HSBC Global ResearchShifting trade dependencies
Shanella Rajanayagam, Senior Trade Economist, assesses whether economies have been successful in de-risking and diversifying their supply chains amid various…
The Macro Brief by HSBC Global ResearchBond yields vs AI
Ryan Wang, US Economist, and Alastair Pinder, Head EM and Global Equity Strategist, look at the impact of high bond yields and AI investment on the US economy…
The Macro Brief by HSBC Global ResearchBreaking the data
From renewable tech to weight-loss drugs to AI-driven savings for consumers, James Pomeroy, Global Economist, outlines the long-term trends he’s watching and…
The Macro Brief by HSBC Global ResearchEM bulls have cash to splash
Ali Cakiroglu, Emerging Markets Strategist, examines the outlook for EM assets as investors weigh geopolitical risks, tightening monetary policy and soaring…
The Macro Brief by HSBC Global ResearchGlobal crosscurrents intensify
Janet Henry, Global Chief Economist, looks at how resilient growth and rising inflation risks have revived prospects for policy rate increases. For more…
The Macro Brief by HSBC Global ResearchIndia in focus
Piers welcomes Chief India Economist Pranjul Bhandari to the studio to discuss the factors shaping India's economic outlook – from its growth resilience to its…
The Macro Brief by HSBC Global ResearchGold’s rollercoaster ride
James Steel, Chief Precious Metals Analyst, looks at what what’s been driving large swings in gold prices this year – and why there could be more volatility…
The Macro Brief by HSBC Global ResearchCrunch time for US interest rates
In our New York studio, Ryan Wang, Dhiraj Narula and Alastair Pinder join Aline van Duyn to discuss the outlook for US interest rates and their implications…
The Macro Brief by HSBC Global ResearchThe AI ascendency
Following another solid US earnings season, Shiva Joon and Duncan Toms look at what’s driving the results, how AI is influencing performance, and the main…
The Macro Brief by HSBC Global ResearchA turning point for US rates?
Ryan Wang and Dhiraj Narula consider the outlook for US interest rates and bond yields against a backdrop of heightened uncertainty. For more content from HSBC…
The Macro Brief by HSBC Global ResearchCompeting US narratives
Alastair Pinder, Dhiraj Narula and Saul Martinez assess the tug-of-war behind US equity market performance - from AI capex spend, to higher rates, to the…
The Macro Brief by HSBC Global ResearchThe UK's new team
Liz Martins, Senior UK Economist, assesses the state of the UK economy as Andy Burnham prepares to take over as Prime Minister. For more content from HSBC…
The Macro Brief by HSBC Global ResearchCompeting global forces
James Pomeroy and Shanella Rajanayagam look at what the latest data tell us about the global economy and review where key trade negotiations stand. For more…
The Macro Brief by HSBC Global ResearchEurope’s dovish turn?
Simon Wells, Chief European Economist, assesses the region’s prospects going into the second half of the year and explains why we think rate rises are off the…
The Macro Brief by HSBC Global ResearchLooking beyond Hormuz
Janet Henry, Global Chief Economist, looks at some of the powerful forces affecting the world economy, while Ali Cakiroglu, Emerging Markets Strategist…
The Macro Brief by HSBC Global ResearchThe Fed under new management
As the Federal Reserve begins a new era with Kevin Warsh at the helm, our team looks at his communication style and how the narrative has changed from…
The Macro Brief by HSBC Global ResearchThe ECB’s next move
Following the European Central Bank’s first rate hike for nearly three years, Chris Hare, Senior European Economist, looks at whether there is more tightening…
The Macro Brief by HSBC Global ResearchState of US tariffs
With the US’s 10% global tariff set to expire this July, Shanella Rajanayagam, Trade Economist, looks at which US tariffs are currently in effect - and what…
The Macro Brief by HSBC Global ResearchFuture healthcare in focus
From the rise of anti-obesity drugs to the impact of AI, Rajesh Kumar, Senior Global Life Sciences & Healthcare Analyst, looks at how the global healthcare…
The Macro Brief by HSBC Global ResearchRate rises on the radar
Janet Henry, Global Chief Economist, and Simon Wells, Chief European Economist, look at how central banks are set to react to growing upside risks to inflation…
The Macro Brief by HSBC Global ResearchThree eye-opening AI stats
Alastair Pinder, Head EM and Global Equity Strategist, explores how artificial intelligence is driving stock markets to record highs - even amidst a global…
The Macro Brief by HSBC Global ResearchContainers and crude
With the US and Iran reportedly edging towards a deal, Kim Fustier and Shanella Rajanayagam consider the implications of the conflict on oil prices and global…
The Macro Brief by HSBC Global ResearchWhat will a Warsh Fed look like?
In this US special, Ryan Wang, Dhiraj Narula and Saul Martinez look at what’s next for the Federal Reserve, the impact of recent supply shocks, and how…
The Macro Brief by HSBC Global ResearchFuel, food and fertilisers
Paul Bloxham examines how the Middle East conflict is constraining a wide range of commodities, and explains why Australia and New Zealand’s policymakers face…
The Macro Brief by HSBC Global ResearchTalking points from - HSBC Global Investment Summit
From the future of globalisation to growth opportunities and monetary policy, Murat Ulgen, Global Head of Macro Strategy, joins Piers Butler to discuss the key…
The Macro Brief by HSBC Global ResearchTracking economic disruption
James Pomeroy looks at whether the latest data can give us any clues about how the Iran conflict is impacting the global economy, while Pranjul Bhandari…
The Macro Brief by HSBC Global ResearchThe dollar bounces back
Paul Mackel, Global Head of FX Research, looks at how the currency markets have reacted to geopolitical tensions. For more content from HSBC Global Investment…
The Macro Brief by HSBC Global ResearchShock to the system
Janet Henry, Global Chief Economist, looks at what the unprecedented energy shock means for the economic outlook. For more content from HSBC Global Investment…
The Macro Brief by HSBC Global ResearchTesting emerging market resilience
Murat Ulgen and Ali Cakiroglu look at whether geopolitical developments have dampened investor sentiment towards emerging market assets. For more content from…
The Macro Brief by HSBC Global ResearchLatAm’s moment?
Joseph Incalcaterra, Daniel Lavarda and Jose Carlos Sanchez from our LatAm team look at what’s behind the pick-up in investor interest in the region. For more…
The Macro Brief by HSBC Global ResearchThe Middle East: energy and shipping
Kim Fustier and Parash Jain look at what the Middle East conflict means for oil and gas prices, transport and logistics. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchWhat do Europe and the weather have in common?
Liz Martins, Senior UK Economist, looks at whether a pick-up in the latest data marks a turning point for Europe’s economies. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchThe USD’s struggle
Paul Mackel, Global Head of FX Research, looks at what’s causing USD weakness and which currencies could stand to benefit. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchCan AI replace software?
Stephen Bersey, Head of US Technology Research, looks at whether fears that artificial intelligence could upend the business modes of software vendors are…
The Macro Brief by HSBC Global ResearchFrom Frankfurt to Threadneedle Street
The economics team takes over the studio this week, with Chris Hare, Liz Martins and Fabio Balboni discussing the latest Bank of England and ECB meetings. For…
The Macro Brief by HSBC Global ResearchThe Fed in focus
Ryan Wang, US Economist, and Dhiraj Narula, US Rates Strategist, look at the key issues facing the Federal Reserve this year. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchThe case for emerging markets
Following a standout 2025, Ali Cakiroglu, Emerging Markets Strategist, looks at the drivers for EM assets in 2026. For more content from HSBC Global Investment…
The Macro Brief by HSBC Global ResearchGlobal tech trends
From the latest innovations to the investment strategies of big tech giants, Nicolas Cote-Colisson, Head of Global Tech Platforms Research, outlines what to…
The Macro Brief by HSBC Global ResearchThe global economy in 2026
From inflation and monetary policy to trade and AI, Janet Henry, Global Chief Economist, looks at the factors set to shape the world economy this year. For…
The Macro Brief by HSBC Global ResearchDigital assets in 2026
Daragh Maher, Head of Digital Assets Research, assesses the latest developments in the digital assets space and outlines what we should be looking out for in…
The Macro Brief by HSBC Global ResearchThe US in 2026
Our US team identifies key issues to watch in 2026 – from what the Federal Reserve will do next, to whether the AI bubble will burst, to US fiscal friction…
The Macro Brief by HSBC Global ResearchWhere next for AI?
Can AI trade FX? Is the future 'agentic'? And are we seeing a bubble? Mark McDonald, Head of AI and Data Science, and Yuning Bai, Data Scientist, discuss…
The Macro Brief by HSBC Global ResearchThe UK's budget tightrope
Liz Martins, Senior UK Economist, and Nick Andrews, Senior FX Strategist, talk through the key takeaways from the UK's highly anticipated budget. For more…
The Macro Brief by HSBC Global ResearchTop questions for currencies in 2026
Paul Mackel, Global Head of FX Research, and Joseph Incalcaterra, Head of LatAm Macro Strategy, look at what's in store for the major currencies in 2026. For…
The Macro Brief by HSBC Global ResearchThe AI effect
Shiva Joon, Data Scientist, and Duncan Toms, Multi-Asset Strategist, look at how artificial intelligence is helping to drive the stellar performance of many US…
The Macro Brief by HSBC Global ResearchThe next game-changing technologies
James Pomeroy, Global Economist at HSBC, looks at three technologies that could dramatically transform the economy in the longer term - humanoid robots…
The Macro Brief by HSBC Global ResearchRates, shutdowns and bubbles
In this US special, Ryan Wang, US Economist, and Alastair Pinder, Head EM and Global Equity Strategist, discuss the Fed’s next move, the impact of the…
The Macro Brief by HSBC Global ResearchTop global talking points
Fresh from attending the IMF-World Bank annual meetings, Janet Henry, Murat Ulgen and Paul Mackel stop by our New York studio with updates on US resilience…
The Macro Brief by HSBC Global ResearchTech supremacy
Sean McLoughlin, Senior Global Industrials Analyst, explains how the boom in AI and cloud computing is fuelling a reacceleration in global capital expenditure…
The Macro Brief by HSBC Global ResearchThe LatAm low-down with Joseph Incalcaterra
Fresh from HSBC's inaugural Brazil Forum, Head of LatAm Macro Strategy Joseph Incalcaterra joins Aline van Duyn to discuss the macro landscape across Latin…
The Macro Brief by HSBC Global ResearchEurope on a mission
Simon Wells, Chief European Economist, assesses the growth outlook for the region and the contrasting fortunes of the ECB and Bank of England in their bid to…
The Macro Brief by HSBC Global ResearchMarket resilience amid global risks
Janet Henry, Global Chief Economist, looks at how the world economy is muddling through despite substantial challenges, while Ali Cakiroglu, Emerging Markets…
The Macro Brief by HSBC Global ResearchUnderstanding digital money
Daragh Maher, Head of Digital Assets Research, discusses which of the competing visions for digital money could become the most dominant. For more content from…
The Macro Brief by HSBC Global ResearchUS rate cuts & spending gluts
Ahead of the Federal Reserve’s September meeting, US economist Ryan Wang assesses the potential pace of interest rate cuts and the implications of the growing…
The Macro Brief by HSBC Global ResearchThe UK’s perfect storm
From sticky inflation to precarious public finances, Liz Martins, Senior UK Economist, assesses the UK’s financial troubles as the country looks ahead to an…
The Macro Brief by HSBC Global ResearchHow AI can mitigate tariff costs
Alastair Pinder, Head Global and EM Equity Strategist, looks at some surprising connections between AI and tariffs and how they are changing the way companies…
The Macro Brief by HSBC Global ResearchPayback time?
James Pomeroy, Global Economist, examines whether the frontloading of global trade in the first half of the year could unravel as new tariffs kick in. For more…
The Macro Brief by HSBC Global ResearchTransatlantic tariff truce
Chris Hare, Senior European Economist, and Paul Mackel, Global Head of FX Research, talk through the potential implications of the US-EU trade deal. For more…
The Macro Brief by HSBC Global ResearchPricing tariff risks
With fresh US tariffs due to come into effect on 1 August, Alastair Pinder, Head EM and Global Equity Strategist, looks at how markets are pricing in…