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 bananas are telling us about the global economy
Against a backdrop of continuing uncertainty, James Pomeroy, Global Economist, explains whether the latest data – and the price of bananas - provide any clues…
The Macro Brief by HSBC Global ResearchThe big, beautiful, US edition
Ryan Wang, US Economist, talks through the latest in the US – including “phase two” of tariffs, tax cuts and deficits, and the path of rate cuts. For more…
The Macro Brief by HSBC Global ResearchGuarding against complacency
With global markets seemingly unruffled by recent shocks, Janet Henry and Simon Wells look at the key risks that could surprise policymakers and investors over…
The Macro Brief by HSBC Global ResearchThe A to Z of crypto
Daragh Maher, Head of Digital Assets Research, demystifies the world of cryptocurrencies and looks at how digital assets could move from niche to mainstream…
The Macro Brief by HSBC Global ResearchRising risks
Kim Fustier, Head of European Oil & Gas Research, and Murat Ulgen, Global Head of Emerging Markets, discuss how the conflict between Iran and Israel has…
The Macro Brief by HSBC Global ResearchGlobetrotting
Janet Henry, Global Chief Economist, considers whether tariff uncertainties are starting to feed through into the latest economic data. For more content from…
The Macro Brief by HSBC Global ResearchCommodities, tariffs & trade
Paul Bloxham, our Sydney-based Chief Economist for Australia, New Zealand and Global Commodities, drops by the London studio to discuss how tariff…
The Macro Brief by HSBC Global ResearchIndia’s global integration
Pranjul Bhandari, Chief India Economist, examines India’s interconnectedness with the global economy and considers whether the redrawing of supply chains could…
The Macro Brief by HSBC Global ResearchWho owns the US?
Alastair Pinder, Head EM and Global Equity Strategist, considers whether America is losing global investor flows following recent market volatility. For more…
The Macro Brief by HSBC Global ResearchDollar distrust
Paul Mackel, Global Head of FX Research, examines the changing drivers of the US dollar and its prospects going forward. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchGetting Germany going
German economists Stefan Schilbe and Anja Heimann consider whether a policy reboot – including a huge fiscal package – could help get Europe’s largest economy…
The Macro Brief by HSBC Global ResearchLooking for good news in the UK
With the UK facing a long list of economics challenges, Liz Martins, Senior UK Economist, considers whether there is any light at the end of the tunnel. For…
The Macro Brief by HSBC Global ResearchGoing for gold
James Steel, Chief Precious Metals Analyst, looks at what’s behind gold’s surge to record highs and considers where prices could go from here. For more content…
The Macro Brief by HSBC Global ResearchTariffs take their toll
Janet Henry, Global Chief Economist, and Simon Wells, Chief European Economist, assess how US tariffs and heightened uncertainty could affect growth…
The Macro Brief by HSBC Global ResearchAssessing the tariff turmoil
Janet Henry, Chief Global Economist, and Murat Ulgen, Global Head of Emerging Markets Research, examine the fallout from US tariffs and how policymakers could…
The Macro Brief by HSBC Global ResearchTurning up the tariffs
Shanella Rajanayagam, Paul Mackel and Simon Wells discuss the implications of the latest US tariff announcements for trade, currencies and Europe’s economy…
The Macro Brief by HSBC Global ResearchTalking points from the HSBC Global Investment Summit
From trade and policy priorities to new growth opportunities, Janet Henry, Global Chief Economist, and Fred Neumann, Chief Asia Economist, join Piers Butler to…
The Macro Brief by HSBC Global ResearchHow well do you understand AI?
Mark McDonald, Head of Data Science and Analytics, picks apart some of the most common misconceptions about artificial intelligence that frequently come up in…
The Macro Brief by HSBC Global ResearchShifting market narratives
We look at what’s behind the recent moves in the stock and bond markets with Alastair Pinder, Head EM and Global Equity Strategist, and Steven Major, Global…
The Macro Brief by HSBC Global ResearchAll about Asia
From tariffs to demographics to growth, we catch up with Fred Neumann, Chief Asia Economist, to discuss the issues facing the region’s economies. For more…
The Macro Brief by HSBC Global ResearchCurrency asymmetry
Daragh Maher, Senior FX Strategist, explains what continued trade policy uncertainty means for the world’s major currencies. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchEurope and tariffs
Chris Hare looks at the possible impact of US tariffs on European growth and inflation, and assesses the challenges facing the German economy ahead this…
The Macro Brief by HSBC Global ResearchThe UK’s growth problem
Liz Martins and Nick Andrews assess the prospects for the UK economy and sterling against a backdrop of weak growth and sticky inflation. For more content from…
The Macro Brief by HSBC Global ResearchTariff turbulence
Shanella Rajanayagam, Fred Neumann and Daragh Maher assess the sweeping new tariffs announced by the Trump administration and what they mean for the economic…
The Macro Brief by HSBC Global ResearchIs Europe past ‘peak pessimism’?
Simon Wells, Chief European Economist, considers whether the region’s economy has turned a corner and assesses the diverging paths between the ECB and Federal…
The Macro Brief by HSBC Global ResearchBracing for tariffs
With President Trump back in the White House, Janet Henry, Shanella Rajanayagam and Jing Liu assess what the US’s trade agenda could mean for China and the…
The Macro Brief by HSBC Global ResearchOil’s tug-of-war
Kim Fustier, Head of European Oil and Gas Research, assesses the competing supply and demand factors impacting the oil markets and what they could mean for…
The Macro Brief by HSBC Global ResearchPutting AI through its paces
Mark McDonald, Head of Data Science and Analytics, examines the latest applications for AI - from analysing speeches to hosting podcasts. For more content from…
The Macro Brief by HSBC Global ResearchOur 2025 global economic outlook
Janet Henry, Chief Global Economist, weighs up the impact of widely anticipated fiscal policy shifts on growth and inflation, and the challenges for the…
The Macro Brief by HSBC Global ResearchWhy investors are turning more cautious on EM assets
Murat Ulgen, Global Head of Emerging Markets Research, talks with Piers Butler about the concerns of emerging market investors as they head into 2025. For more…
The Macro Brief by HSBC Global ResearchThe cyber safety net
With cyber attacks becoming more frequent and sophisticated, Stephen Bersey, Head of US Technology Research, assesses the fast-growing cybersecurity sector –…
The Macro Brief by HSBC Global ResearchThe dollar bubble inflates
Paul Mackel, Global Head of FX Research, explains why we think the US dollar has scope to strengthen even further and what it means for other G10 currencies…
The Macro Brief by HSBC Global ResearchEarnings learnings
Mark McDonald, Head of Data Science and Analytics, outlines what our AI-driven analysis of earnings call transcripts tells us about the key themes in this…
The Macro Brief by HSBC Global ResearchEurope's opportunities
With Europe’s economy having lagged the US’s for decades, Simon Wells, Chief European Economist, explains why there are reasons to be more optimistic over the…
The Macro Brief by HSBC Global ResearchGlobal hot topics
Fresh from attending the IMF-World Bank annual meetings, Janet Henry, Fred Neumann, Paul Mackel and Murat Ulgen discuss the key questions facing the global…
The Macro Brief by HSBC Global ResearchClimate conversations with UK corporates
James Rydge, Head of ESG Research in EMEA, gives an insight into his discussions with UK companies about how they are trying to achieve their climate and…
The Macro Brief by HSBC Global ResearchOil price pressures
With oil markets caught between long-term market imbalances and political risks, Kim Fustier and Simon Williams examine the outlook for prices, and what it…
The Macro Brief by HSBC Global ResearchThe gold rush
James Steel, Chief Precious Metals Analyst, puts gold’s surge to record price levels in a historical context and considers whether the rally is likely to…
The Macro Brief by HSBC Global ResearchEmerging markets get a boost
Murat Ulgen, Global Head of Emerging Markets Research, considers the impact of Fed rate cuts and China’s stimulus package on EM assets and outlines the results…
The Macro Brief by HSBC Global ResearchOur global outlook at the tail end of '24
Piers Butler is joined by Global Chief Economist Janet Henry for a catch-up on the world's top macro talking points as we enter the final quarter of the year…
The Macro Brief by HSBC Global ResearchThe Fed goes big
We look at what the Federal Reserve’s 50 basis point rate cut could mean for the path of future rates, the US economy and global equity markets with Ryan Wang…
The Macro Brief by HSBC Global ResearchThe ECB’s hawkish cut
We catch up with Fabio Balboni, Senior European Economist, to discuss the latest ECB rate cut and the prospects for further policy easing. For more content…
The Macro Brief by HSBC Global ResearchCounting down to cuts
With investors' attention turning towards the global major central banks, we assess potential Federal Reserve, ECB and Bank of England tightening cycles with…
The Macro Brief by HSBC Global ResearchAfter the sell-off
We examine what caused this week’s market volatility, ask whether we are through the worst, and take a cross-asset look at where we go from here. For more…
The Macro Brief by HSBC Global ResearchSummer sustainability
We catch up with our ESG team to look at some of the less obvious places where sustainability issues could arise - from beer to music festivals. For more…
The Macro Brief by HSBC Global ResearchHow to price emerging markets
Murat Ulgen, Global Head of Emerging Markets Research, examines whether investors are right to be upbeat on the prospects for EM risk assets. For more content…
The Macro Brief by HSBC Global ResearchWhat's driving bonds?
Steven Major, Global Head of Fixed Income Research, explains how both cyclical and secular forces contribute to the outlook for the bond market. For more…
The Macro Brief by HSBC Global ResearchClimate risks in the G20
James Rydge, Head of ESG Research, EMEA, assesses the rise of physical climate impacts across the G20 countries and whether they are prepared for the…
The Macro Brief by HSBC Global ResearchGlobal economic update
Janet Henry, Global Chief Economist, assesses whether the world economy can keep dodging the dangers in the second half of the year. For more content from HSBC…
The Macro Brief by HSBC Global ResearchA conversation about currencies
We catch up with Paul Mackel, Global Head of FX Research, to find out how the latest financial and political developments are affecting the major currencies…
The Macro Brief by HSBC Global ResearchEuropean election fever
European economists Simon Wells and Chantana Sam discuss new risks from election results in Europe and upcoming votes in France. For more content from HSBC…
The Macro Brief by HSBC Global ResearchThe ECB moves ahead of the Fed
With the ECB cutting rates before the Fed for the first time in history, Fabio Balboni, Senior European Economist, and Ryan Wang, US Economist, assess the…
The Macro Brief by HSBC Global ResearchThe good, the bad and the ugly of AI
James Pomeroy, Global Economist, discusses the likely impact of artificial intelligence - including what it could mean for productivity, jobs, and emerging…
The Macro Brief by HSBC Global ResearchThe UK gears up for an election
With a general election now set for 4 July, Simon Wells, Chief European Economist, assesses the key challenges facing the incoming government. For more content…
The Macro Brief by HSBC Global ResearchEurope’s gas turnaround
Kim Fustier, Head of European Oil & Gas Research, explains why there has been a striking shift in the region’s gas markets. For more content from HSBC Global…
The Macro Brief by HSBC Global ResearchGold's surprising surge
With gold prices recently hitting new highs, James Steel, Chief Precious Metals Analyst, looks at the unusual reasons behind the rally and whether it will…
The Macro Brief by HSBC Global ResearchFunding the Future
Mark McDonald, Head of Data Science and Analytics at HSBC, outlines the findings from HSBC's inaugural Funding the Future Survey, which provides insights into…
The Macro Brief by HSBC Global ResearchThe US election and trade
In this edition, Shanella Rajanayagam, Trade Economist, weighs up the risks around US trade tensions depending on who wins the presidential race. For more…
The Macro Brief by HSBC Global ResearchWhy AI, aircons and fridges are feeling the heat
In this edition, Amy Tyler and Sean McLoughlin talk about their research into the global cooling market and why the boom in artificial intelligence may…
The Macro Brief by HSBC Global ResearchTwo big themes at the HSBC Global Investment Summit
China and Artificial intelligence were among the themes dominating this year’s inaugural event in Hong Kong. Jing Liu, Chief Economist for Greater China, and…