Global Macro Market Brief

• Sticky-price CPI at 2.8% signals inflation will stay above 2% for years due to housing, dining, and contract-driven costs
• Core PCE at 3.3% shows...

Meta and Microsoft’s latest earnings reveal ballooning AI expenses amid diverging results, as investors apply a more skeptical lens to tech giants’ AI outlays. This shift signals mounting caution in the current AI investment cycle.

• Russia-Ukraine conflict sharply increased volatility spillovers to Indonesian commodity stocks, especially coal and gold.
• Oil and coal price...

US and European labor markets are diverging sharply this July.

• US jobs data signals a slow-moving train wreck, with July hiring at 91K yet...

Crypto markets display contrasting resilience signals after the Fed-driven equity sell-off.

• Market cap held at $2.19T with BTC near $64K despite...

• Both reports confirm GDP grew just 1.5% annualized in Q2, missing 2.0% forecasts and down from 2.1% prior quarter.
• Deceleration stemmed from lower...

Puerto Rico's economy shows clear divergence, with overall activity moderating while construction and cruise tourism strengthen.

• Coincident Economic...

The bond market sold off after Fed Chair Warsh's press conference, with 30-year Treasury yields hitting 5.21-5.24%, their highest since 2007. Traders...

• Keep investing despite 3.5% CPI: Elevated inflation erodes cash, so maintain long-term stock allocations.
• Use dollar-cost averaging: Buy...

Marriott reports Q2 earnings Aug. 3 with consensus EPS at $3.06, up 15.5% YoY, and revenue near $7.3 billion, rising 7.7%.

Key supports include...

Cognitive Credit has rolled out an Emerging Markets Corporate Bond dataset covering over 400 USD-denominated issuers and expanding total global...

Microsoft and Meta earnings are prompting sector rotation as strategists examine AI spending and the Fed's market influence.

Pre-meeting pressure built as inflation stayed above target for five years, driven by oil spikes, AI costs, and tariffs. Markets priced a 38-42%...

Samsung SDS is exploring stablecoin infrastructure, digital asset systems, and AI-based payments with Dunamu, Upbit's operator, as detailed in its Q2...

Commodity trader IXM is expanding into iron ore with a prepayment deal and new desk head, even as volatility hits near-record lows that suppress...

BitMart has announced its shutdown while keeping withdrawals open, yet activity stays low with just 58 wallets moving ~$805K over 24 hours and none processed in the past 8 hours.

A strengthening Korean won is pressuring AI and semiconductor stocks by reversing the currency tailwind that fueled Korean investment flows into US...

The Bank of Japan kept its policy rate at 1% in an 8-1 decision while warning core inflation will exceed the 2% target from September, driven by...

Trump tariffs are leading some U.S. companies to rethink moving factory work away from China, as broad duties reduce cost advantages of alternatives...

The year/year change in continuing jobless claims remains negative, pointing to ongoing labor market tightness.