Macro at a glance In November 2025, Japan's economic narrative was shaped by the formalization of the "Takaichi Doctrine", as the Cabinet approved a substantial ¥21.3 trillion ($135 billion) stimulus package aimed at combating stagflation. This aggressive fiscal expansion exceeds initial market estimates and clashes directly with the Bank of Japan's efforts to normalize rates amid 3% inflation and a Q3 GDP contraction. This policy divergence has created a bifurcated market. The Nikkei 225 has...

Macro at a glance On October 26, Argentina held midterm legislative elections that served as a critical, make-or-break referendum on President Javier Milei's radical "shock therapy" economic program. Against pre-election polling that suggested a weakening of his support, and following a destabilizing provincial election defeat in September , Milei's La Libertad Avanza ( LLA ) party secured a decisive nationwide victory, winning approximately 41% o the national vote. The market reaction was...

Brunello Cucinelli store New Bond street, London Macro at a glance On 17 September, Riyadh and Islamabad signed a mutual defence pact...