Global markets

Since inflation peaked at 9.1 per cent in mid-2022, consumer prices have cooled dramatically, job growth has dwindled from nearly 4 per cent annually to a meagre 0.9 per cent, nominal gross domestic product (GDP) expansion has halved from 10 per cent to 4.6 per cent, and commodity prices have dropped 15 per cent. Despite all of this, bond yields have stubbornly refused to ease. Mainly hovering between 4 per cent and 5 per cent – and sitting at around 4 per cent today – bullish investors argue these yields are oddly, and unjustifiably, detached from the underlying economic slowdown. Real activity has tapered and consumer price index (CPI) inflation has plummeted to 2.9 per cent. So why haven’t yields collapsed? continue…

by Roger Montgomery Posted in Global markets, Investing Education, Market commentary.

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If you’re tracking equities, it’s vital to keep an eye on the bond markets, as they’re signalling genuine unease. That nervousness is now rippling through global economies. continue…

by Roger Montgomery Posted in Economics, Global markets, Market commentary.

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Investors are debating a number of scenarios. One is that Trump will install enough cronies on the board of the U.S. Federal Reserve that rates will be cut as many as five times in the next year. Supporters believe this could be incredibly bullish for markets, especially equities. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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I recently penned a blog post in which I highlighted the market-related concerns of American economist, chess Grandmaster, professor of international economics at Harvard University, former International Monetary Fund (IMF) Chief Economist and co-author of This Time is Different: Eight centuries of Financial Folly, Kenneth Rogoff. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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Kenneth Rogoff, the American economist, chess Grandmaster, professor of international economics at Harvard University, former International Monetary Fund (IMF) chief economist and co-author of This Time is Different: Eight centuries of Financial Folly, has spent his career chronicling the anatomy of financial collapses. In his latest article for Foreign Affairs (Sep/Oct 2025), Rogoff issues a stark warning: the U.S. is flirting with a once-in-a-century debt crisis – and its current political and economic trajectory makes a crisis not just possible, but probable. continue…

by Roger Montgomery Posted in Foreign Currency, Global markets, Market commentary.

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In what some have described as a ‘dramatic’ 218-214 vote, the U.S. House narrowly passed President Trump’s US$3.4 trillion “Big Beautiful Bill Act,” a nearly 900-page tax-and-spending package that does mark a major victory for Trump and GOP (Republican Party) leaders. continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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With all the chaos unfolding, unwinding and unfolding again in the Middle East, it’s easy to forget the bigger battle – the one for democracy in the U.S. – is still being waged. Back in early April, during the chaos of the tariff war-induced market turmoil, Donald Trump issued an executive order headed: “Maintaining Acceptable Water Pressure in Showerheads.” continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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Today on Ausbiz with Juliette Saly, we explored why global stock markets are hitting new highs despite ongoing geopolitical tensions. You’d be forgiven for expecting markets to react negatively given the conflict in the Middle East, rising bond yields, Trump tariffs, and recent interest rate cuts. continue…

by Roger Montgomery Posted in Companies, Global markets, TV Appearances.

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An article published by the Shanghai Metal Market on 7 June 2025, revealed that the People’s Bank of China (PBOC) increased its gold reserves for the seventh consecutive month, up 60,000 ounces month-on-month. continue…

by Roger Montgomery Posted in Foreign Currency, Global markets, Market commentary.

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Why is the stock market rising amid global conflicts in 2025?

In 2025, the world is grappling with significant geopolitical uncertainty. Tensions between the U.S. and China have wavered, the tragic conflict between Israel and Iran has escalated, and the ongoing war between Russia and Ukraine persists. Yet, despite these challenges, most major global equity indices have posted gains year-to-date. continue…

by Dean Curnow Posted in Global markets, Market commentary.

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