28 March 2017: John Ashbourne on EM this week, and John Hogan Morris on central bank ‘performativity’



On today’s Morning Macro, John Ashbourne of Capital Economics gives us a preview of three Emerging Market central bank decisions this week: the South African Reserve Bank, Mexico’s Banxico, and the Czech National Bank. All three are facing unique political circumstances which inevitably feed into the macroeconomic environment and therefore monetary policy decisions. In Part … Continue reading 28 March 2017: John Ashbourne on EM this week, and John Hogan Morris on central bank ‘performativity’


Weekend Edition, 24 March: Gabriel Sterne on populism, ‘Italification’, and moving out of the shadow of the 2008 crisis



This weekend we bring you Sigrun’s interview with Gabriel Sterne, head of global macro research at Oxford Economics, who gives us his view on where the global economy is at, and where it might be headed next. Populism has now become a big issue in developed as well as emerging markets, of course, and Sterne … Continue reading Weekend Edition, 24 March: Gabriel Sterne on populism, ‘Italification’, and moving out of the shadow of the 2008 crisis


21 March 2017: Fragility, populism, uni- or multilateralism and interest rates



Today, on Morning Macro we discuss globalisation, alarmingly long lasting loose monetary policy all over the world, and populism, earlier a fixture in emerging market but now prevalent in Europe and especially in the US. In part 1, Tom speaks with Societe Generale’s chief currency strategist, Kit Juckes. Kit talked about the risks to the global … Continue reading 21 March 2017: Fragility, populism, uni- or multilateralism and interest rates


Morning Macro Weekend Edition 19 March: Ed Dolan



Today, we bring the full interivew with professor Ed Dolan, a veteran watcher of the world economy who after living abroad, in Russia and elsewhere, has now returned to his native US. Dolan gives his view on the American economy where the worry is that pro-cyclical policies could take the US back to a financial … Continue reading Morning Macro Weekend Edition 19 March: Ed Dolan


17 March 2017: G20 currencies large and small, with Paul Bednarczyk; and Ed Dolan part 2



On this Morning Macro episode: currency – both the main ones like the euro and the dollar and the more exotic ones like the Canadian dollar and the Swedish krona, also with a mention of oil prices – and how pro-cyclical fiscal policy could take the US back to a financial crisis. Sigrún talked to … Continue reading 17 March 2017: G20 currencies large and small, with Paul Bednarczyk; and Ed Dolan part 2


14 March 2017: Focus on the US, with Harry Colvin and Ed Dolan



On this Morning Macro episode: a look ahead to the US Fed rate rise that markets expect tomorrow – and how fiscal policy should react to the upswing in US economic fortunes. Plus: a discussion of Brexit, trade, and oil prices dynamics. Harry Colvin, from Longview Economics, explained to Sigrún why financial markets are so sure … Continue reading 14 March 2017: Focus on the US, with Harry Colvin and Ed Dolan


7 March 2017: A France special with Fred Ducrozet and Gianluca Orefice



Today on Morning Macro, Fred Ducrozet returns to the show to talk us through the latest developments in France’s dramatic presidential election campaign. Also featuring a look ahead to Thursday’s ECB decision, where Fred foresees a slight concession to the more hawkish board members. In the second half of the show, Sigrún talks to Gianluca Orefici … Continue reading 7 March 2017: A France special with Fred Ducrozet and Gianluca Orefice


Morning Macro Weekend Edition, 4 March 2017: Sony Kapoor



Welcome to Morning Macro Weekend Edition on Saturday, 4 March 2017. Coming up, our full interview with Sony Kapoor, Managing Director of think tank Re-Define, advisor to central banks, international finance institutions, sovereign wealth funds – and a man who’s had a long-standing interest in the way the Norwegian sovereign wealth fund is run. In … Continue reading Morning Macro Weekend Edition, 4 March 2017: Sony Kapoor


Morning Macro 3 March 2017



On this Morning Macro episode: US Labour market statistics, musings on artificial intelligence, automation and labour, as well as an insight into sovereign wealth funds in general and the Norwegian Sovereign Wealth fund in particular. Toby Nangle from Columbia Threadneedle Investments spoke to Sigrún about US Labour Market data, out this week, where wage earners … Continue reading Morning Macro 3 March 2017


Morning Macro 28 February 2017



Today on Morning Macro, Dan Davies of Frontline Analysts explains Italy’s incipient banking crisis, that has its roots in a sluggish Italian economy as well as excessively protracted bankruptcy regulations. Italy is seen as a potential flash-point for the return of the Eurozone crisis, so tune in to understand the nuances of this story. In the second … Continue reading Morning Macro 28 February 2017