The dominant global financial theme was the tension between growth ambitions and fiscal constraints. Markets focused on AI-driven investment, government spending priorities, trade and industrial policy, and central-bank outlooks, while political developments in the UK, US, Europe, and China increasingly influenced.
22 Jun 2026
Let’s go hiking
The dominant global market driver was the sharp reversal in energy prices following Middle East de-escalation, improving risk sentiment while leaving long-term geopolitical uncertainty unresolved.
15 Jun 2026
Fly me to Mars
Global markets were driven by geopolitical de-escalation in the Middle East, persistent inflation and rate uncertainty, and accelerating fragmentation in trade and monetary policy across major economies.
8 Jun 2026
Patience v Euphoria
Iran-driven energy shocks eclipsed central banks, becoming the dominant force shaping inflation, growth, and global markets.
1 Jun 2026
Big Five, Big Spenders
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.
