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Artwork for The Macro Brief by HSBC Global Research

The Macro Brief by HSBC Global Research

HSBC Global Research
Inflation
Tariffs
Artificial Intelligence
Federal Reserve
China
Emerging Markets
UK Economy
India
United States
European Central Bank
Gold
Global Economy
S&P 500
Bank Of England
Germany
US Dollar
Fiscal Policy
Interest Rates
Monetary Policy
European Economy

A weekly update on key macro issues influencing developed and emerging markets around the world. Our economists, strategists and analysts share their insights, views and ideas to help guide your outlook. Subscribe now.

For more from HSBC Global Research, email us at AskResearch@hsbc.com

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PublishesWeeklyEpisodes156Founded3 years ago
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InvestingBusinessManagement

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Artwork for The Macro Brief by HSBC Global Research

Latest Episodes

Piers welcomes Chief India Economist Pranjul Bhandari to the studio to discuss the factors shaping India's economic outlook – from its growth resilience to its quest for export competitiveness.

For more content from HSBC Global Investment Research, j... more

James Steel, Chief Precious Metals Analyst, looks at what what’s been driving large swings in gold prices this year – and why there could be more volatility ahead.

For more content from HSBC Global Investment Research, just search for #HSBCResearch o... more

In our New York studio, Ryan Wang, Dhiraj Narula and Alastair Pinder join Aline van Duyn to discuss the outlook for US interest rates and their implications across bond markets, equities and the broad economy.

For more content from HSBC Global Invest... more

Following another solid US earnings season, Shiva Joon and Duncan Toms look at what’s driving the results, how AI is influencing performance, and the main themes companies are focusing on in their updates.

For more content from HSBC Global Investment... more

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Recent Guests

James Steel
Chief Precious Metals Analyst, veteran gold watcher
HSBC Global Research
Episode: Gold’s rollercoaster ride
Alastair Pinder
Global Equity Strategist at HSBC
HSBC Global Research
Episode: Crunch time for US interest rates
Shiva Joon
Data Scientist
HSBC Global Research
Episode: The AI ascendency
Duncan Toms
Multi-Asset Strategist
HSBC Global Research
Episode: The AI ascendency
Ryan Wang
US economist
HSBC Global Research
Episode: A turning point for US rates?
Dhiraj Narula
US rate strategist
HSBC Global Research
Episode: A turning point for US rates?
Liz Martins
Senior UK Economist
HSBC Global Research
Episode: The UK's new team
Fred Newman
Chief Asia economist, host of Under the Banyan Tree
HSBC Global Research
Episode: The Fed under new management
Rajesh Kumar
Head of Life Sciences and Healthcare Equity Research
HSBC Global Investment Research
Episode: Future healthcare in focus

Hosts

Piers Butler
Host with HSBC Global Research/HSBC Global Investment Research background
Aline van Dijn
Host of The Macro Brief with focus on HSBC Global Research/HSBC Global Investment Research

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#196
United Kingdom/Business/Investing
Apple Podcasts
#212
Italy/Business/Investing
Apple Podcasts
#51
India/Business/Investing
Apple Podcasts
#140
Sweden/Business/Investing
Apple Podcasts
#170
Argentina/Business/Investing
Apple Podcasts
#187
India/Business
Apple Podcasts
#205
Philippines/Business/Investing
Apple Podcasts
#214
Singapore/Business/Investing
Apple Podcasts
#221
Hong Kong/Business/Investing
Apple Podcasts
#230
Indonesia/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

Gold’s rollercoaster ride
Q: What should investors watch as the key catalysts for gold in the near term?
Key catalysts include the path of the dollar, monetary policy expectations, fiscal pressure and debt levels in the Western world, sanctions dynamics that affect reserve diversification, and the ongoing evolution of the investor base through fractional ownership and tokenized gold offerings.
Gold’s rollercoaster ride
Q: How might the next 12 months unfold for gold given still-elevated central bank demand and potential policy changes?
If dollar strength persists or if inflation expectations push yields higher, gold could face headwinds. Conversely, further rate cuts or a weaker dollar, along with continued central bank demand and expanding access through ETFs and digital gold, could support price gains and a broader investor base.
Gold’s rollercoaster ride
Q: What has driven the most significant shifts in the gold market over the past year?
A combination of central bank purchases, expectations for U.S. rate cuts, dollar movements, and broader investor participation—especially retail and new digital forms of exposure like tokenized or ETF-based gold—has driven the volatility and the overall up-and-down trajectory.
The AI ascendency
Q: What is the Funding the Future survey tracking and why is it important for investors?
It tracks sentiment among private and high-growth public investors across venture capital, private equity, public markets, and disruptive technologies, providing insights into investment themes and future capital allocation.
Competing global forces
Q: What is driving global growth and which economies are faring best or worst?
Growth is being supported by AI-related investment and resilient consumer spending in the US, while Europe lags; oil price path and the Strait of Hormuz dynamics are key downside/upside drivers in the near term.

Audience Metrics

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Frequently Asked Questions About The Macro Brief by HSBC Global Research

What is The Macro Brief by HSBC Global Research about and what kind of topics does it cover?

This show delivers weekly macro insights across developed and emerging markets, with a strong emphasis on policy shifts, inflation dynamics, energy markets, and global trade. Episodes frequently feature HSBC researchers and guests who unpack tariff developments, healthcare and AI-driven disruption, commodity shocks, and currency dynamics, translating complex macro themes into actionable implications for investors and business leaders. A notable pattern is the blend of scenario-based analysis and timely market color, often tying policy developments to real-world outcomes like trade flows, equity markets, and FX trends. The format tends to mix rigorous macro analysis with practical takeaways, making it useful for listeners who need to underst... more

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2. HSBC Global Viewpoint
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4. At Any Rate
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The Macro Brief by HSBC Global Research launched 3 years ago and published 156 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Macro Brief by HSBC Global Research?

Recent guests on The Macro Brief by HSBC Global Research include:

1. James Steel
2. Alastair Pinder
3. Shiva Joon
4. Duncan Toms
5. Ryan Wang
6. Dhiraj Narula
7. Liz Martins
8. Fred Newman

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