Macro

Find the latest macro analysis and insights

Bank of Japan: credibility still a work in progress
  • 23 hours ago

The BOJ left the door open to a June rate hike, though Governor Ueda not reinforce such expectations. Given the lack of clear guidance over future rate tightening, the BOJ appears to have left the...

Powell emphasises Fed credibility amid historical dissents
  • 23 hours ago

The Fed held rates amid record dissent, signalling a shift away from an easing bias toward a higher for longer stance. As Powell prepares to pass the baton to the next Chair, his focus on credibili...

UK Real Estate: Talking Points April 2026
  • 23 hours ago

Welcome to our quarterly snapshot of current real estate market trends.

Global Asset Allocation Views 2Q 2026
  • 23 hours ago

Investors are contemplating a wider range of potential macro outcomes and a fatter bearish left tail. We maintain a modest risk-on stance, including an equity overweight. In fixed income, we lean i...

Charting a Distinct Course to Asia’s Awakening Equity Markets
  • 23 hours ago

Asian equities offer hidden value in dynamic companies across fast-growing economies. Global investors are rediscovering Asia ex Japan (AxJ) equities. Yet, the region’s constituents move to differ...

Global Momentum in Manufacturing
  • 23 hours ago

April PMIs (Purchasing Managers’ Indices) point to a meaningful improvement in global manufacturing momentum, with the U.S., Eurozone and Japan all posting stronger-than-expected and firmly expansi...

Iran war: Risk on, energy off
  • 23 hours ago

Markets cheered the ceasefire, but the energy shock persists. Stagflation looks unlikely, yet oil shortages are straining economies and driving asset divergence.

Another Meeting , Another Hold : BoC / Fed Remain on the Sidelines
  • 23 hours ago

CI GAM Economist Neil Shankar analyzes the April 29 Bank of Canada rate announcement, providing critical insights into interest rates and the 2026 policy outlook. Read the full analysis here.

G10 Macro Rates: March Monthly Commentary
  • 23 hours ago

March 2026 net performance was negative -0.20%. Whilst a draw for the month is not what we aim for in an absolute return strategy, we can take heart that this was a month of extreme unpredictabilit...