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 2 of 14
Policy Pulse - Trump / US Watch - 09 Oct 2026
Trump's August disclosure logged 517 trades, including a Dell sale on the same day he handed Dell a medal and Nvidia bought before he decorated Jensen Huang; Washington simultaneously froze Microsoft and Adobe out of the green-card PERM programme, and SpaceX's USD 8 billion spectrum buy hit T-Mobile, Verizon and AT&T while lifting tower REITs.
Policy Pulse - Global Spillover - 08 Oct 2026
Brent rose 4.25 percent to USD 104.5 after Axios reported the Pentagon has been told to prepare for a possible resumption of major combat operations in Iran and Tropical Storm Isaias shut in a quarter of Gulf of Mexico output, positive for XOM, CVX and ONGC and negative for DAL, IOC and BPCL; hawkish September FOMC minutes kept the 10-year near 5.28 percent and the 30-year at 2002 levels, and India joined the US-led 15-country excess-capacity initiative while a Section 301 investigation into India's own industrial policies remains live.
Policy Pulse - Trump / US Watch - 08 Oct 2026
Trump's August financial disclosure showed 517 trades including the largest single position of the month, up to USD 25 million of META, plus USD 1-5 million of SPCX notes bought two days before a national space transportation policy targeting 1,000 launches a year by 2030; completion of Trump Accounts auto-enrolment for nearly 70 million children is positive for HOOD and SCHW. The indefinite de minimis suspension reaches its October 22 compliance date, positive for LLY, MRK and PFE by removing personal-importation arbitrage and negative for WMT and TGT on per-parcel cost.
Policy Pulse - Global Spillover - 07 Oct 2026
The EIA raised its 2026 Brent forecast 8 percent to about USD 98 and lifted Q4 2026 to USD 105 with 4.5 million barrels per day still shut in, positive for XOM, CVX and ONGC and negative for DAL, UAL and Indian refiners IOC and BPCL. The 30-year Treasury yield held near its highest since 2002 with the September FOMC minutes due tonight and CME pricing an October hike near 20 percent, while French OAT yields kept rising and the euro sat near a 17-month low. Spot gold above USD 4,167 with the rupee at a five-month low of 97.03 is a translation positive for TCS and INFY and an input-cost negative for TITAN and MRF.
Policy Pulse - Trump / US Watch - 07 Oct 2026
Trump unveiled Anduril's USD 3.7 billion Arsenal-2 submarine shipyard at Sparrows Point with a Navy contract of up to USD 2.9 billion and announced a 40 percent US government stake in the operating subsidiary, a 15 percent lift to Virginia-class production capacity that is positive for NUE and STLD on naval steel while leaving incumbents GD and HII two-sided as a new component competitor enters. The August trade deficit widened to USD 105.6 billion, the widest since Liberation Day, on record imports led by semiconductors and nonmonetary gold, positive for NVDA, AMD and NEM. The IRS issued a staking safe harbour, positive for COIN and HOOD.
Policy Pulse - Global - 06 Oct 2026
Brent fell back below USD 100 to USD 98.33 as Hormuz transits and the Saudi East-West pipeline recovered and the G7's 100-million-barrel release began flowing - a cost tailwind for IOC, BPCL and INDIGO and a headwind for ONGC and XOM. The S&P 500 and Nasdaq printed new records on Tuesday as the 10-year Treasury eased to 5.26% from a 19-year high of 5.35%, the euro hit a 17-month low on French fiscal stress, and BMI Research raised its Q4 2026 Brent forecast to USD 107 a barrel while Kenanga went to USD 91 for 2026.
Policy Pulse - Trump / US Watch - 06 Oct 2026
Trump signed an Emergency Tax Relief on Diesel Fuel order deferring the federal diesel excise tax from October 5 to December 31 for highway use - a per-mile cost cut for ODFL, CSX and DAL rather than a supply fix, with pump diesel still at USD 6.32 a gallon. CBP opened CAPE Phase 3 today, releasing roughly USD 20.6 billion of IEEPA tariff refunds to about 3,700 court plaintiffs - a cash event for WMT, TGT and AMZN. The copy-trade signal of the session was PTC Inc, up 30% in a day on disclosed presidential holdings of up to USD 6.15 million, while the July filing's USD 5-25 million sales each of AMZN and MSFT remain the largest non-DJT equity exits.
Policy Pulse - Global - 05 Oct 2026
The G7 began a coordinated 100-million-barrel IEA release with a frontloaded diesel leg after Trump's export-ban threat, splitting the crude market - Brent near $101.5 against WTI below $90 and Murban at $110.80 - which is positive for DAL, UAL and INDIGO and negative for VLO and PSX. The Lindsey Graham Act's secondary sanctions on Russian-crude buyers could be decided by October 18, a live risk for RELIANCE, IOC and BPCL, while the US-Ukraine fund's first $30 million minerals deal and China's rare-earth suspension extension to January 2027 lift MP and USAR.
Policy Pulse - Trump / US Watch - 05 Oct 2026
Trump stood up the Super Intelligence Force on Sunday - a White House task force chaired by DNI Jay Clayton, with FTC Chair Andrew Ferguson and Pentagon CTO Emil Michael, and a charter written to prevent overregulation - a capex-permission signal for NVDA, AVGO and VRT. USTR Greer said negotiated tariff caps will be credited against the Section 301 excess-capacity probe, the July disclosure showed $5-25 million sales each of AMZN and MSFT alongside a June buy of small-cap defence name EFOR, and $90 Medicare payments to 20.8 million beneficiaries plus a renewed $5,000 cheque pledge read as a transfer positive for WMT, DG and UNH.