GGMA Market Articles
Daily GGMA Markets Briefings, macro analysis and central bank coverage for traders, brokers and institutional investors.
- GGMA Markets Briefing: The Ten-Year Eases Back Below Five Per Cent Hours Before the Fed Decides
- GGMA Markets Briefing: The US Ten-Year Yield Passes 5% for the First Time Since 2007 on the Eve of the Fed Decision
- GGMA Markets Briefing: Oil Jumps on Saudi Pipeline Shutdown and AI Warnings Hit Chips as Three Central Banks Meet
- GGMA Markets Briefing: Oil Nears $100 After US Sinks Iranian Tankers as Yen Extends Rally and Korean Chips Lead Asia
- GGMA Markets Briefing: Yen Surges to Six-Month High as Oil Nears $100 and Chipmakers Lift Asia
- GGMA Markets Briefing: Stocks Rise as Fed Hike Bets Fade Before Payrolls / USDJPY Consolidates / RBNZ's Silk Says Dec Hike Likely / Today: NFP
- GGMA Markets Briefing: Yen Jumps on BoJ Repricing as Oil Eases and Bonds Steady
- GGMA Markets Briefing: Stocks and Bonds Fall as US-Iran Strikes Lift Oil / RBNZ Hikes Again, But NZDUSD Declines
- GGMA Markets Briefing: Japan's 10-Year Yield Hits 3% as the Global Bond Selloff Deepens
- GGMA Markets Briefing: Oil Jumps as US-Iran Fire Resumes; Bessent Presses BOJ
- GGMA Markets Briefing: Gold Slips and Stocks Stall as Markets Wait for Warsh
- GGMA Markets Briefing: Stocks Rise on Nvidia's Promise as Rate Hike Bets Build From Sydney to Seoul
- GGMA Markets Briefing: Oil Falls as Hormuz Cracks Open, Canada Hits Back, and Nvidia Reports Tonight
- GGMA Markets Briefing: US Treasury’s efforts to rein in the rise in long-term bonds remain the dominant theme in markets
- GGMA Markets Briefing: The Bessent Bond Put Fails Its First Test: Yields Back at the Highs, Dollar Sold
- GGMA Markets Briefing: The US Treasury Blinks: Bessent's Buyback Overwhelms a Hawkish Fed
- GGMA Markets Briefing: The Bond Vigilantes Set the Tone as the Ceasefire Lapses and Yields Break Higher Everywhere
- GGMA Markets Briefing: Dollar Slides as Fed-Hike Bets Fade
- GGMA Markets Briefing: Oil Rebounds as Iran Talks Are Denied, Yen Gives Back Its Intervention Gains
- GGMA Markets Briefing: Oil Slumps as Trump Calls Off Iran Strike, Yen Firms on Joint Intervention
- GGMA Markets Briefing: BoJ Holds and Upgrades the Outlook, Tokyo Allegedly Intervenes, Korea Posts a Record Rally
- GGMA Markets Briefing: Bond Market Calls Warsh's Bluff as the BoE Decides
- Markets Briefing: Chip Rout Batters Korea as Missiles Lift Crude Before an Unreadable Fed
- Markets Briefing: Chip Rout Swamps the Oil Relief as Three Central Banks Line Up
- Tomorrow's Macro Roadmap: RBA’s Bullock Speech and US Consumer Confidence on Fed Eve
- Markets Briefing: Oil Tumbles and Bonds Rally as a US-Iran Pause Opens a Fed, BoE and BoJ Week
- Tomorrow's Macro Roadmap: German Ifo and US Durable Goods Open a Week Owned by the Fed, BoE and BoJ
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- GGMA Markets Briefing: Tech Selloff Sweeps Asia as Oil's Weekly Surge Revives the Inflation Threat
- Tomorrow's Macro Roadmap: Japan Inflation Heats Up Before the BoJ as Flash PMIs Test the Cycle
- GGMA Markets Briefing: Asian Chipmakers Rally on AI Spending as Red Sea Tanker Strikes Lift Oil, ECB in View
- Tomorrow's Macro Roadmap: ECB Rate Decision Day / Australian Jobs / US Jobless Claims / Canadian Retail Sales / Intel Earnings
- Markets Briefing: Chips Lift Asia as Oil Climbs and the Yen Sinks to a Four-Decade Low
- Tomorrow's Macro Roadmap: UK June Inflation Report in Focus
- Markets Briefing: Chip Rebound Lifts Asian Stocks as Oil Eases on Iran Diplomacy
- Tomorrow's Macro Roadmap: New Zealand Inflation Report, UK Jobs, ECB Lending Survey and German ZEW ahead of Thursday's ECB Rate Decision
- Markets Briefing: Oil Surges on US-Iran Escalation as Korea's AI Rout Deepens
- Tomorrow's Macro Roadmap: One Inflation Print, No Central Bankers, and a New Prime Minister
- Markets Briefing: Chip Rout Deepens as Nikkei Futures Drop 5.16 Per Cent and Volatility Wakes Up
- Markets Briefing: Chip Selloff Slams the KOSPI as the AI Trade Reverses and Korea Starts Hiking
- Tomorrow’s Macro Roadmap: Bank of Korea Takes Centre Stage as US Retail Sales Meet a Hawkish Fed Chorus
- Markets Briefing: KOSPI Surges as Softer US Inflation Revives the AI Trade, Oil Climbs on Hormuz
- Tomorrow’s Macro Roadmap: China GDP / BOC Rate Decision / US PPI / Fed Warsh Hearing Part II, Williams & Cook / ECB's Nagel / BOE's Pill
- Markets Briefing: China Export Beat Lifts Asia and Metals as Hike Bets Build Before CPI
- Macro Roadmap: US CPI Meets the New Fed Chair / BOE's Bailey / Fed Speak
- Markets Briefing: Oil Jumps and Stocks Slide as US-Iran Strikes Revive Hike Bets
- Tomorrow's Macro Roadmap: Swiss Sight Deposits / Norway Core CPI / India CPI / Fed's Waller / ECB's Schnabel / BOE's Pill
- Markets Briefing: Yen and JGBs rally on GPIF repatriation hopes
- Tomorrow's Macro Roadmap: Canada Labour Market Report / Japan PPI / DE & FR Final HCPI (watch core) / ECB's VP Vujčić
- Markets Briefing: US strikes Iran for a second straight day as ceasefire collapses
- Tomorrow's Macro Roadmap: ECB Account / UK RICS / China CPI & PPI / DE Trade Balance / US Weekly Jobless Claims & Existing Home Sales / Fed's Williams & Logan
- Markets Briefing: US strikes Iran and revokes oil waiver as Hormuz risk reignites
- Tomorrow's Macro Roadmap: RBNZ Rate Decision / FOMC Minutes / RBA’s Hunter / ECB’s Nagel / Swedish CPI
- GGMA Markets Briefing: Samsung profit soars 19-fold but shares slump as chip selloff crashes the KOSPI
- Tomorrow's Macro Roadmap: BOE Stability Report / BOE’s Mann / DE Industrial Production / US Trade Balance / Japan Wages
- Markets Briefing: Global markets opened the second half of the year on a cautious footing
- Tomorrow’s Macro Roadmap: DE Factory Orders / Swiss Unemployment / EZ Retail Sales / Canada BOC Survey / ECB Schnabel & Lagarde / Fed’s Waller /BOE’s Mann
- GGMA Market Brief: USDJPY drops on potential intervention ambush tactics
- Tomorrow's Macro Roadmap: FR, IT, DE inflation / ECB speak / RBA minutes / US JOLTS & consumer confidence
- Tomorrow's Macro Roadmap: ECB, Fed, RBA & BOE speak / Spain inflation / EZ sentiment survey
- Tomorrow's Macro Roadmap: Tokyo CPI / ECB & Fed speak / ECB inflation expectations / US UoM consumer survey
- Tomorrow'sMacro Roadmap: US PCE, GDP, durable goods & jobless claims / AU labour market / EZ consumer confidence / BOJ, ECB & Fed speak
- AI Is Saving Korean Workers Time. It Isn’t Making Them More Productive — Yet
- Tomorrow's Macro Roadmap: BOJ minutes / AU CPI / RBA, ECB, BOJ, BOC & BOE speak / Japan services PPI /DE IFO / SNB quarterly bulletin / Fed bank stress test
- Tomorrow's Macro Roadmap: PMI Day / ECB, BOE & BOC speak
- Tomorrow's Macro Roadmap: ECB & Fed speak / Canada CPI
- GGMA Markets Briefing: AI-Trade Unwind Spreads to Asian Stocks and Won as Markets Brace for US Jobs Report
- Tomorrow's Macro Roadmap: Japan wages / RBA, ECB & BOE speak / Canada & US labour market reports
- GGMA Morning Briefing: AI rally takes a breather
- Tomorrow's Macro Roadmap: RBA, ECB, BOE & Fed speak / Swiss trade balance / EZ inflation / US JOLTS
- GGMA Morning Brief: Stocks’ AI-fuelled rally continues / Today: BOC & Fed speak / Swiss sight deposits / US ISM mfg.
- Market Wrap 01-06-2026
- Tomorrow's Macro Roadmap: ECB, BOC & Fed speak / Swiss sight deposits / US ISM mfg.
- Tomorrow's Macro Roadmap: BOJ core CPI / Swiss total sight deposits / BOC & ECB speak / US house prices & consumer confidence
- GGMA Morning Brief 22-05-2026
- GGMA Market Wrap 20-05-2026
- GGMA Market Wrap 19-05-2026
- GGMA Morning Wrap 18-05-2026
- Tomorrow's Macro Roadmap: JGB auction / Swiss GDP & sight deposits / BOE, ECB & Fed speak / Buba report / US NAHB
- Weekend Market & Macro Roundup — May 16–17, 2026
- Market Wrap 13.05.2026 AM
- Tomorrow's Macro Roadmap: China & Norway inflation / Swiss sight deposits / BoE & ECB speak
- GGMA Morning Brief: Asian stocks decline, commodities rally, Won weakens / Trump deadline / Japan wages / Fed speak review / Tudor on AI / Dalio warnings / Gundlach worried / US payrolls in focus
- Tomorrow's Macro Roadmap: Japan wages / US non-farm payrolls / Canada labour market / ECB, BOE & Fed speak
- Tomorrow's Macro Roadmap: RBNZ, Fed, BoC & ECB speak / EZ & Swiss mfg. PMIs
- Tomorrow's Macro Roadmap: CAD CPI / ECB’s Lagarde / Swiss sight deposits
- Australia's jobless rate stays low in March but Iran war risks loom
- Stock market rally continues / Lagarde: ECB has not made up its mind on rates / Bessent: Trump’s tariff rates could be restored by July / Yellen: One rate cut possible this year / Today:Fed Beige Book
- Tomorrow's Macro Roadmap: Swiss sight deposits / Buba report / IMF meetings / ECB & BOE speak / BOJ’s Ueda / US existing home sales
- Yesterday’s risk-friendly tone fades / Fed's Goolsbee, Hammack worried about inflation / Soft Japan 30Y auction & weak household spending / AU infl. expectations rise / EZ PMIs / Fed / US durables
- Tomorrow's Macro Roadmap: Japan Wages / AU inflation expectations / EZ final PMIs / Fed speak / US durable goods
- Tomorrow's Macro Roadmap: Trump speech / India PMI / Swiss inflation / ECB & Fed speak / US job cuts & jobless claims
- Tomorrow's Macro Roadmap: JP Tankan / China PMI / CH PMI / US ISM, ADP & retail sales / Fed, BOC & ECB speak
- GGMA Morning Brief: Stocks rally on ceasefire hopes / Powell sounds dovish / Tokyo inflation slows / Today: EZ inflation / US home prices, JOLTS & Chicago PMI / Fed speak
- Tomorrow's Macro Roadmap: Japan labour market & Tokyo CPI / RBA minutes / China PMIs / UK GDP / EZ inflation / US home prices, JOLTS & Chicago PMI / Fed speak
- Tomorrow's Macro Roadmap: CH KOF & sight deposits / DE regional & national CPIs / EZ consumer confidence / Fed’s Powell & Williams
- Private credit stress deepens as redemptions surge and default warnings mount
- Australia inflation expectations rise to highest since 2023
- UK housing market confidence remains fragile as global headwinds weigh on near-term outlook
- Tomorrow's Macro Roadmap: AU inflation expectations / BOE speak / India inflation rate / US jobless claims, trade balance & auctions
- GGMA Morning Brief: Oil prices stabilise / ECB won’t allow inflation shock / RBA expected to hike / JPM marks down private credit loans / Today: ECB & Fed speak, US CPI
- Tomorrow’s Macro Roadmap: Japan PPI / German Final CPI / ECB & Fed speak / US CPI report
- GGMA Morning Brief: Stocks rise on Trump’s Iran comments / Japan Q4 GDP revised upwards, wages rise / RBA warns on inflation risks / AU cons. confidence / China’s exports surge / Today: US NFIB & ADP
- Tomorrow's Macro Roadmap: Japan GDP & wages / China trade balance / Norway CPI / US NFIB, ADP & existing home sales
- GGMA Morning Brief: Markets: Stock markets fall as oil prices rise / China’s PBOC extends gold buying, CPI jumps / UK jobs market nears stabilisation / Today: Swiss sight deposits, US inflation exp.
- Tomorrow's Macro Roadmap: China CPI, Swiss consumer confidence & sight deposits, US inflation expectations, ECB speak
- Tomorrow's Macro Roadmap: AU inflation expectations / Swiss sight deposits & PMI / EZ & US PMIs / RBA, BOJ, BOE & ECB speak
- GGMA Morning Brief: JGB yields drop after Tokyo CPI, Fed's Goolsbee sees several more cuts, BOJ’s Takata calls for policy “gear shift”, Today: Swiss GDP & KOF, BOE’s Pill, US PPI & Chicago PMI, CFTC
- Tomorrow's Macro Roadmap: Tokyo CPI, DE/FR/ES CPI, Swiss GDP & KOF, BOE’s Pill, US PPI & Chicago PMI, CFTC Positioning Data
- GGMA Morning Brief: Nvidia beats earnings expectations, BOJ hawk urges further hikes, NZ inflation threat?, Today: Fed & ECB speak, US jobless claims
- Tomorrow's Macro Roadmap: AU Capex, BOJ, Fed & ECB speak, US jobless claims
- GGMA Morning Brief: JGBs under pressure after Takaichi picks two reflationists to join BOJ, Strong AU CPI, Two Fed officials see no rush for policy action, Today: EZ CPI report, RBA, ECB & Fed speak
- Tomorrow's Macro Roadmap: JP services PPI, AU & EZ CPI report, Trump State of the Union speech, RBA, ECB & Fed speak
- GGMA Morning Brief: Asian equity markets diverge, Did US lead USDJPY rate checks?, Tariff takes effect at 10%!, Dimon sees parallel to pre-crisis era, Citrini AI scare, Today: ECB, BOE & Fed, US Conf.
- Tomorrow's Macro Roadmap: ECB, BOE & Fed speak, US ADP, house prices & consumer confidence
- Tomorrow's Macro Roadmap: Swiss sight deposits, German Ifo, Fed & ECB speak
- GGMA Morning Brief: Oil higher on US-Iran tensions, Japan headline CPI falls, but core still high, UK budget surplus, Dovish RBNZ, Today: IEEPA tariff, US GDP, PCE, UoM, Fed speak
- Japan's trade balance ex-energy is improving
- GGMA Morning Brief: Risk-off, JGB yields decline, Ex-BOJ policymaker sees April rate hike, $ positioning, RBA minutes, NZ food prices surge, Today: CA CPI, US ADP, N.Y. Empire, NAHB, Fed & ECB speak
- Tomorrow's Macro Roadmap: UK labour market, CA CPI, US ADP, N.Y. Empire, NAHB, Fed & ECB speak
- GGMA Morning Brief: Tech stocks under pressure, Swiss CPI benign, Miran: Monetary policy too tight, NZ inflation expectations rise, China home prices keep declining, Today: US CPI & ECB speak
- GGMA Morning Brief: “Buy Japan” trade lifts yen, Fed rate pause?, CBO: US budget deficit will continue to rise, UK house prices to increase?, RBA still hawkish, Today: Jobless claims & ECB & BOC speak
- GGMA Morning Brief: US Dollar still under pressure, RBA still worried about inflation, Will US January CPI come in hot?, Oil rises on Middle East tensions, Today: ECB, BOE, BOC & Fed Speak, US NFP
- Tomorrow's Macro Roadmap: ECB, BOE, BOC & Fed Speak, US non-farm payrolls
- GGMA Morning Brief: Yen firms and JGB yields decline, Trump wants 15% growth, AU consumer confidence drops, BOE’s Mann: China raising export prices to UK, Today: US NFIB, ADP, retail sales & ECI, Fed
- Tomorrow's Macro Roadmap: US NFIB, ADP, retail sales & ECI, Fed & Buba speak, API inventories
- GGMA Morning Brief: Nikkei rallies on election outcome, Japan’s real wages, Bessent on Fed balance sheet, China injects liquidity, Starmer under pressure, AU household spending,Today: ECB & Fed speak
- Tomorrow's Macro Roadmap: Swiss consumer confidence & sight deposits, ECB, BOE & Fed speak
- GGMA Morning Brief: Tech stocks under pressure over AI fears, Trump pushes for Fed rate cuts, Starmer's premiership faces crisis, Will the RBA hike again in May?, Lower growth target for China GDP?, China’s Xi reasserts Taiwan stance, Today: BOE & ECB Rate Decision, US jobless claims & Jolts, Fed speak
- GGMA Morning Brief: Markets consolidate after sell-off, Miran wants more rate cuts, No US job report, BOJ unlikely to rescue JGBs, NZ labour market, Today: EZ & US services PMIs, EZ final HCPI, US ADP
- GGMA Morning Brief: Risk assets keep rallying, RBA hikes interest rate to curb inflation, US-India reach trade deal, Oil: US-Iran to meet, PBOC cuts key loan rate to boost growth, Today: ECB, Fed & RBA speak, US JOLTS & NZ labour market reports
- GGMA Morning Brief: Trump’s Fed pick roils markets with Fed’s balance sheet in focus, BoJ minutes, Japan PM comments on FX, Will the RBA hike this week?, Today: EZ & US PMIs, Fed & BOE speak
- Macro Roadmap: ECB & Fed speak, DE & SP CPI, CH KOF, US PPI & Chicago Mfg. PMI
- GGMA Morning Brief: Copper & AUDUSD rally on China hopes, Fed keeps rates unchanged, Bessent touts a strong dollar, Polls indicate Japan’s Takaichi set to increase majority, BOJ balance sheet keeps shrinking, ECB speak / US jobless claims & trade balance / Japan labour market & Tokyo CPI in focus
- Tomorrow’s Macro Roadmap: ECB speak / US jobless claims & trade balance / Japan labour market & Tokyo CPI
- GGMA Morning Brief: US Dollar falls sharply on Trump comments / ECB policymaker concerned about euro strength / BoJ members agree on need to continue raising rates / AU inflation beats estimate, lifts rate-hike case / Higher unemployment in the US?/ BOC & Fed meetings in focus
- GGMA Morning Brief: Stocks rally despite tariff threat, Japan wage negotiations watch, UK store inflation hits highest level in nearly two years, Australian business conditions firm into year-end, US house prices, consumer confidence & ECB’s Lagarde in focus
- GGMA Morning Brief: Risk sentiment improves sharply after Greenland deal, Strong AU labour market report, ECB succession, Norges Bank rate decision, US PCE & GDP reports, NZ CPI in focus
- GGMA Morning Brief: Trump’s tariff threat roils markets, Fed turmoil is threatening dollar supremacy, Rieder gains support for Fed chair, JGB’s under pressure as Japan's parties mull consumption tax cut, Swiss sight deposits, final Eurozone & Canada CPI reports in focus
- Weekend Headlines: EU Fights Tariffs, DB on Euro, BlackRock’s Fed Pick & Japan Eyes Tax Cut
- Trump’s tariff threat on Europe sparks pushback and legal uncertainty
- GGMA Morning Brief: Verbal intervention in the yen continues, Strong NZ Mfg. PMI, Lane sees ECB on a steady path, Fed's balance sheet trilemma, Solid demand for US Treasuries, China slowdown to deepen, Poland may cut rates in Feb., US Fed speak, IP & NAHB in focus
- GGMA Morning Brief: Oil prices drop, Trump imposes new tariffs, Japan opposition party merger, BOK removes "further cuts" language, UK housing market green shots
- GGMA Morning Brief: JPY strengthens on verbal intervention, Dimon says Trump attack on Fed could push up inflation, US PPI, retail sales, Fed speak in focus
- GGMA Morning Brief 13-01-2026
- GGMA Morning Brief: Russia rejects peace plan, Fed’s Miran wants 150 points of cuts, Japan’s household outlays rise, US labour market and court ruling in focus
- Macro Roadmap 09-01-2025: Macro Roadmap: Swiss, US & Canada labour market reports, UoM consumer confidence in focus
- GGMA Morning Brief: Wages in Japan fell sharply, Trump wants to lower oil prices to $50; calls for a 50% increase in US defence spending, RBA’s Hauser: Current cutting cycle likely over, inflation still high, Markets: Signs of risk-aversion emerging, Today’s Macro Roadmap: Swiss CPI, SNB minutes, US Jobless claims & productivity in focus
- Macro Roadmap 08-01-2026 : Swiss CPI, SNB minutes, US Jobless claims & productivity in focus
- GGMA Morning Brief: Australian CPI slows, Oil slides, Trump tariff ruling on Friday, Fed banks voted against change in discount rate, EZ inflation, US ISM non-Mfg & JOLTS in focus
- GGMA Morning Brief 05 Jan 2026: US captures Venezuelan President Nicolas Maduro, Philly Fed’s Paulson sees room for cuts ‘later in the year’, Ueda highlights BOJ’s intention to keep raising rates, US ISM manufacturing in focus
- Big Take: What Wall Street Expects in 2026 - BBG
- GGMA Morning Brief 30-12-2025
- Central Bank Monitor
- GGMA Morning Comment
- Economic activity in the services sector continued to expand in November - ISM