Macro Mondays | REPLAY | Bitcoin Hits $106K, UK GDP Shock, and Trump's Economic Surge | 16|12|24

World of Oil Derivatives

This episode aired live at 12:30pm UK Time. James Brodie and James Todd look at the previous weeks Macro events and to the week ahead.
In US data, inflation is trending higher, pushing both yields and the dollar higher, and this is a definite warning signal for 2025. Job postings are continuing to fall, but small business sentiment is surging leading up to Trump's inauguration. Equity investors are looking the most bullish ever, as Nasdaq reaches new all-time highs.
In China, yields are trending aggressively lower, not helped by further weakness in house prices and weaker than expected retail sales, but EV sales are surging. In Europe, France has been downgraded by Moody's to Aa3, and UK GDP unexpectedly contracted. UK-European relations will continue to face trade hurdles.
Bitcoin is breaking out even higher, touching $106,500. Meanwhile, Brent price remains in a narrow range and silver is looking for support.
Key events for the week include:
Tuesday: US retail sales
Wednesday: Federal Reserve meeting (-24bp priced)
Thursday: BOJ (+4bp priced), existing home sales
Friday: PCE inflation data