Daily Global-Macro Brief LIVE

Central Banks 2

  • Middle East conflict triggers sharp rise in global energy prices and bond yields, worsening growth and inflation outlook
  • Sovereign debt vulnerabilities elevated due to high issuance, leverage in hedge funds, and potential liquidity strains
  • Private credit and risky asset valuations remain stretched, with AI-related tech valuations particularly exposed
  • Bank of England and PRA issue joint response to government inquiry on AI risks/opportunities
  • Call for proportionate regulation balancing innovation with systemic risk controls
  • Focus on model risk, data governance, and operational resilience in AI systems