Listen "Calmer on the surface, cracks beneath"
Episode Synopsis
Financial markets have been on a geopolitical rollercoaster in recent days. The Iran–Israel flare-up briefly sent oil prices surging and risk assets tumbling, but tensions have since eased and market conditions have stabilised. That calm has refocused attention on underlying fundamentals—and the signals are mixed. In our charts this week we focus on:
Global business cycle indicators
South Korea's trade
Consumer confidence in the US and Europe
Disinflation progress in advanced economies
Gold and Bitcoin prices
Global electricity generation
Global business cycle indicators
South Korea's trade
Consumer confidence in the US and Europe
Disinflation progress in advanced economies
Gold and Bitcoin prices
Global electricity generation
More episodes of the podcast Macro Pulse
Signals, Surprises and Shifts
02/10/2025
Resilient Activity, Noisy Policy
25/09/2025
Faith in the Fed, Faith in Fiber
18/09/2025
Labouring the point
11/09/2025
A Few Cuts More
04/09/2025
Cracks Beneath The Shine
21/08/2025
What gives?
14/08/2025
Downside Risks
07/08/2025
Headwinds and Heatwaves
03/07/2025