Monthly Financial Market Update – August 2026
Global Macroeconomic Review August saw global economic conditions diverge, with weaker U.S. labour data strengthening expectations of a September rate cut. July non-farm payrolls fell by 23,000, against expectations of an 80,000 increase, while headline…
Monthly Financial Market Update – July 2026
Global Macroeconomic Review July saw weaker global growth alongside mixed inflation signals. U.S. Q2 GDP slowed to 1.5% annualized, while headline inflation eased to 3.5% and the Federal Reserve maintained its policy rate at 3.50%–3.75% amid softer…
Monthly Financial Market Update – June 2026
Global Macroeconomic Review June opened with the U.S. economy still growing, though on a narrower base than the broad-based growth seen previously. The final Q1 2026 GDP estimate was revised up to 2.1% (Q1 2025: -0.5%), reflecting a pickup in activity…
Monthly Financial Market Update – February 2026
Global Macroeconomic Review The U.S. economy in February 2026 showed moderate but resilient expansion, though growth continued to cool from mid-2025 momentum. S&P Global Composite PMI eased to around 52 points, marking the slowest pace of expansion…
Monthly Financial Market Update – January 2026
Global Macroeconomic Review The U.S. economy entered 2026 with a mixed but resilient outlook, supported by solid growth momentum alongside cooling labour and inflation dynamics. Economic activity remained firm, sustaining stronger Q2’2025, with real GDP…
2026 Economic & Market Outlook – From Stabilization to Sustainable Growth
Executive Summary The global economy in 2025 demonstrated resilience despite renewed trade tensions, geopolitical conflicts, and persistent inflationary pressures. The return of President Trump to office triggered successive tariff measures that elevated…
Monthly Financial Market Update – November 2025
Global Macroeconomic Review The U.S. economy in November 2025 operated under heightened uncertainty due to missing official data following the 43-day federal government shutdown. The disruption delayed the release of key indicators—including the full…
Monthly Financial Market Update – October 2025
Global Macroeconomic Review The U.S. economy in October 2025 presented a mixed picture, as moderate labor market gains contrasted with signs of cooling demand. Private payrolls rose by 42,000 jobs, marking a rebound after two months of contraction,…
Monthly Financial Market Update – September 2025
Global Macroeconomic Review The U.S. saw soft labor growth but strong GDP, prompting a 25bps Fed cut as inflation stayed above target. The U.K. faces sticky inflation and weak labor demand, keeping the Bank Rate at 4.0%. The ECB paused rates, upgraded…
Monthly Financial Market Update – July 2025
Global Macroeconomic Review The U.S. labor market showed clear signs of slowing in July, with employers adding just 73,000 jobs, well below expectations, while May and June payrolls were revised downward by a combined 258,000. The unemployment rate…
