The Macro Brief by HSBC Global Research

Can AI trade FX? Is the future 'agentic'? And are we seeing a bubble? Mark McDonald, Head of AI and Data Science, and Yuning Bai, Data Scientist, discuss recent developments in artificial intelligence.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions.Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/DkgSvdV Hosted on Acast. See acast.com/privacy for more information.

Liz Martins, Senior UK Economist at HSBC Global Research, and Nick Andrews, Senior FX Strategist, delve into the recent UK budget. Liz highlights how the budget avoided messy outcomes and provided relief to markets, while also addressing the implications of rising taxes linked to an aging population. Nick discusses the currency markets, focusing on sterling's reaction and how inflation expectations influence the Bank of England's decisions. They also touch on productivity forecasts and the potential impact of AI, making for a captivating discussion.

Paul Mackel, Global Head of FX Research, and Joseph Incalcaterra, Head of LatAm Macro Strategy, look at what's in store for the major currencies in 2026.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/mFbXLNm Hosted on Acast. See acast.com/privacy for more information.

Shiva Joon, Data Scientist, and Duncan Toms, Multi-Asset Strategist, look at how artificial intelligence is helping to drive the stellar performance of many US companies.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/HJJQchf Hosted on Acast. See acast.com/privacy for more information.

James Pomeroy, Global Economist at HSBC, discusses transformative technologies that could reshape our economy. He dives into humanoid robots, highlighting their potential to revolutionize labor markets by taking over physical tasks. Pomeroy also explores the current state and future implications of autonomous driving, raising questions about productivity and adoption. Additionally, he spotlights quantum computing as a game-changer in healthcare and automation but warns of cybersecurity risks. Throughout, he emphasizes the need for policy responses to manage employment shifts and the associated risks.

In this US special, Ryan Wang, US Economist, and Alastair Pinder, Head EM and Global Equity Strategist, discuss the Fed’s next move, the impact of the government shutdown and fears of an AI bubble.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/xfXR9xh Hosted on Acast. See acast.com/privacy for more information.

Janet Henry, Global Chief Economist at HSBC, shares her insights on US economic resilience and future rate cuts. Murat Ulgen, Global Head of Macro Strategy, discusses the bullish market sentiment amidst global uncertainties. Paul Mackel, Global Head of FX Research, analyzes the dollar's potential decline as the Fed eases. They also explore the impact of AI on productivity, emerging markets' stability, and the limited inflationary effects of tariffs. The conversation highlights key issues such as corporate credit risks and gold's appeal amid uncertainty.

Sean McLoughlin, Senior Global Industrials Analyst, explains how the boom in AI and cloud computing is fuelling a reacceleration in global capital expenditure.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Disclosures and Disclaimers: https://www.research.hsbc.com/R/101/B6KLVmt Hosted on Acast. See acast.com/privacy for more information.

Fresh from HSBC's inaugural Brazil Forum, Head of LatAm Macro Strategy Joseph Incalcaterra joins Aline van Duyn to discuss the macro landscape across Latin America's key economies.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Disclosures and Disclaimers: https://www.research.hsbc.com/R/101/NBdxbGK Hosted on Acast. See acast.com/privacy for more information.

Simon Wells, Chief European Economist, assesses the growth outlook for the region and the contrasting fortunes of the ECB and Bank of England in their bid to tame inflation.For more content from HSBC Global Investment Research, just search for #HSBCResearch on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts or Spotify or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Disclosures and Disclaimers: https://www.research.hsbc.com/R/101/nFbhDKS Hosted on Acast. See acast.com/privacy for more information.