Daily Global-Macro Brief LIVE

Central Banks 1

  • Kevin Warsh nominated as next Fed Chair, welcomed by BoE Court
  • Interim dividend approved for HMT as BoE’s capital reserves grow
  • BoE’s 3-year financial plan targets 3% cost growth vs 7.6% CPI through 2028/29
  • ISS appointed as integrated FM provider with 100% fee at risk tied to KPIs
  • Data & Analytics strategy approved; AI use cases and security emphasized in delivery phase

Energy/Oil 1

  • U.S. exported ~50,000 barrels per day of renewable diesel and SAF in 2H2025, about 20% of total production
  • More than half of exports went to Canada; roughly one‑third to the Netherlands, with the remainder to Europe
  • Export share exceeded other biofuels: 13% of ethanol and 7% of biodiesel were exported in 2H2025
  • In early 2026, exports fell below 35,000 b/d as producers idled capacity awaiting final 2026 RFS blending targets