Global macro
US and global macro, read for what it means to an investor holding Indian and American names side by side.
123 articles, newest first · page 1 of 14
Policy Pulse - Global Spillover - 16 Oct 2026
MSCI proposed reclassifying Indonesia as a Standalone Market and the Jakarta Composite fell 11.1%, its worst day since 1998, pushing flows toward TCS, INFY and HDFCBANK as the cleaner emerging-market exposure. France and Germany agreed to soften the EU's 2035 combustion-engine ban, and the KOSPI rebounded 2.1%.
Policy Pulse - Trump / US Watch - 16 Oct 2026
Two days from the Graham Act deadline there is still no Section 113(g) notice to Congress, leaving VLO, PSX and DAL on the right side of a licensed Russian diesel flow. Trump's pharma portfolio grew from $1.7 million to as much as $56.2 million as Medicare exemptions expanded, and the US-Mexico tariff deal stalled on the 25% auto and 50% metals levies.
Policy Pulse - Global Spillover - 15 Oct 2026
The KOSPI fell 7.57% with circuit breakers on both Korean boards and the Nikkei lost 4.90%, hitting MU, WDC and CRWV on Anthropic's decelerating growth and CoreWeave's bond selloff. India diverged as Nifty IT rose 1.82%, lifting TCS, INFY and TECHM, while IOC and BPCL stay exposed to the Graham Act's five-day deadline.
Policy Pulse - Trump / US Watch - 15 Oct 2026
A 3.7% September CPI was followed by a 6.3% PPI, the biggest since 2022, taking October hike odds to a coin flip; Walmart, Lilly and Nike gained while CRWV, MU, WDC and ORCL were sold on data-centre debt. Five days from the Graham Act deadline there is still no notice to Congress, and Trump's August filing showed up to USD 25M of META bought on one day.
Policy Pulse - Global Spillover - 13 Oct 2026
China's CXMT claimed a 4F2 DRAM design and the KOSPI fell 5.46%, hitting MU, AVGO and INTC while re-rating TCS, INFY and HCLTECH through Nifty IT's 5.22% gain. Five days out, the Graham Act had still produced no notice to Congress, leaving IOC, BPCL, ONGC and Sun Pharma exposed on the Indian side.
Policy Pulse - Trump / US Watch - 13 Oct 2026
Goldman beat on a 72% surge in equities revenue while JPMorgan missed its first quarter in three years. Trump floated a US diesel export cap five days before the Graham Act's October 18 deadline, hitting VLO and PSX, and Trump Media pulled three crypto ETF filings as DJT fell 5% on a 32% approval rating.
Policy Pulse - Global Spillover - 12 Oct 2026
Brent topped USD 106 after a second deadly strike on Riyadh's airport and a tanker hit at Hormuz, positive for XOM, CVX and VLO and negative for DAL, UAL and IOC. Trump's Russian diesel deal capped the spike instead of reversing it, gold held near USD 4,180 with the US 30-year at 24-year highs, and Canada sent its largest trade mission to India in 30 years to push a trade deal.
Policy Pulse - Trump / US Watch - 12 Oct 2026
The Justice Department opened an antitrust probe into the five networks in the White House television pool, an overhang for CMCSA, PARA, WBD and FOXA, and a federal judge ordered the administration to cancel its taxpayer-funded television advertisements. Foreign military sales reform took effect for LMT, RTX and NOC, importers won a class-action route to tariff refunds for WMT and TGT, and Brent above USD 106 kept DAL and UAL under pressure into bank earnings on Tuesday.
Policy Pulse - Global Spillover - 09 Oct 2026
Brent slipped to about USD 103 after Trump ruled out an Iran strike before the November 3 midterms, negative for XOM and CVX and positive for airlines and Indian oil marketers; a strong 30-year auction pulled the US long end back from a 24-year high; and the US-China 30-for-30 tariff lists named toys and appliances and medical devices, with the truce extended to January 10, 2027.