Global markets were primarily driven by geopolitics rather than macroeconomic data, with energy security becoming the key determinant of inflation and growth expectations.
18 May 2026
30-Year UK Gilt yields back to levels last seen in 1998
The defining global macro theme was the inflationary energy shock caused by geopolitical tensions, which delayed expected monetary easing across
many major economies.
11 May 2026
Not normal, but welcome
The defining global macro theme was the inflationary energy shock caused by geopolitical tensions, which delayed expected monetary easing across
many major economies.
20 Apr 2026
Profit Source
Middle East conflict triggers global oil shock, accelerating inflation pressures and weakening growth outlook across all major economies.
13 Apr 2026
US Dollar’s Home Sweet Home
Global markets were dominated by a geopolitical energy shock from the US–Iran conflict, driving inflation risks, growth downgrades, and volatility, temporarily offset by a ceasefire-triggered risk rally, but leaving a fragile and uncertain macro outlook.
30 Mar 2026
Volatility Demands Visibility: Why markets need more data, less noise in these times
Across all regions, the dominant macro driver is clear:
Geopolitics → energy shock → inflation → tighter financial conditions
23 Mar 2026
A Right R-Oil Mess
Geopolitical tensions in the Middle East, particularly the Iran conflict and Strait of Hormuz risks, dominated markets and politics worldwide, driving energy price volatility, shaping economic policy, and overshadowing domestic macroeconomic trends.
16 Mar 2026
Oil, Gas, Power Prices and Renewables
Geopolitical tensions in the Middle East, particularly the Iran conflict and Strait of Hormuz risks, dominated markets and politics worldwide, driving energy price volatility, shaping economic policy, and overshadowing domestic macroeconomic trends.
