Macro Mondays

Is Macro Data Dead?

15 snips
Apr 28, 2025
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INSIGHT

Markets Skeptical of Ukraine Peace

  • The market shows skepticism about a swift peace deal between Ukraine and Russia, reflected in stable or declining European equities and euro values.
  • Even if a ceasefire occurs, it may mainly influence energy prices and not significantly move broader markets.
INSIGHT

India-Pakistan Nuclear Tensions Rise

  • The India-Pakistan conflict escalated with an attack in Kashmir and missile tests, raising nuclear tension risks.
  • Pakistan's nuclear doctrine allows a preemptive nuclear strike in response to a large conventional attack, amplifying regional market uncertainty.
INSIGHT

Supply Chain Front-Loading Mitigates Shock

  • Front-loading of shipments from China ahead of tariffs helped avoid an immediate supply shock despite recent shipment declines.
  • Full inventories combined with manageable shipment vacuums suggest inflation could decline significantly in coming months.
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