Daily-Wrap

Macro Update:The International Monetary Fund modestly raised its global growth outlook again, citing easing U.S. tariff pressures and sustained investment in artificial intelligence. In its updated World Economic Outlook, the IMF forecast global GDP growth of 3.3% in 2026, up 0.2 percentage point from …

Macro Update:U.S.–Europe trade tensions escalated after President Donald Trump announced new tariffs on several European and NATO allies as part of his renewed push to acquire Greenland, despite having concluded trade agreements with the U.K. and the European Union in 2025. The announcement, made …

Macro Update:The global economy is showing greater resilience than expected despite ongoing trade tensions and policy uncertainty, according to the World Bank’sGlobal Economic Prospectsreport released this week. Global growth is projected to ease to 2.6% in 2026 before rising to 2.7% in 2027, reflecting …

Macro Update:Job vacancies in Australia fell 0.2% in the three months to November 2025, driven by a decline in the private sector, according to new ABS data. Total vacancies stood at 326,700, broadly unchanged from February 2025, while vacancies fell 5.2% over the year, …

Macro Update:Inflation in the United States remained steady last month, adding to the political pressure on President Donald Trump as cost-of-living concerns persist for American households. Official data released on Tuesday showed the consumer price index rose 2.7% in the year to December, unchanged …

Macro Update:Purchasing Managers’ Index (PMI) surveys from S&P Global signalled a continued expansion in global business activity at the end of 2025, although momentum weakened in December to the slowest pace in six months. The J.P. Morgan Global Composite PMI Output Index slipped to …

Macro Update:Household spending in Australia rose 1.0% in November, seasonally adjusted figures from the ABS show, following gains of 1.4% in October and 0.4% in September, leaving spending 6.3% higher than a year ago. Services spending climbed 1.2%, supported by major events, while goods …