This episode of Macro Mondays aired live at 12:30pm BST on Monday, the 21st of October. Tune in Mondays at 12:30pm UK time to watch Macro Mondays live.

On today's episode, James Brodie and James Todd dive into the latest macroeconomic developments shaping global markets. The U.S. housing market faces steep challenges as mortgage applications drop by 17%, and the 30-year mortgage rate hits 7.25% - the highest since July. Across the Atlantic, UK house prices show slower growth at 0.3% month-on-month.

They also cover key updates from the Federal Reserve, with Atlanta Fed President Raphael Bostic emphasising that rate cuts are not imminent despite a strong labour market and declining inflation.

In China, the government moves to double its loans for unfinished properties to $562 billion in efforts to stabilise the housing sector, while liquidity measures and interbank rates signal ongoing stress in the financial system. With China’s credit growth slowing, they explore what this means for global investors.

As the U.S. election draws closer, they examine Trump’s growing lead in prediction markets and discuss the impact on the financial landscape as well as Elon Musk's controversial support for Trump’s 2024 presidential campaign.

Finally, tune in for insights into the crypto market as Bitcoin trends higher but faces resistance at $71,800 and $73,800.

#macro #macronews #finance #inflation #deflation #Nvidia #stockmarket #stocks #oott #oilandgas #trading #markets #marketanalysis #recession #derivatives #derivativestrading #thefed #housing #housingmarket #gold #china #germany #uk #us #economy #economics #ElonMusk #Musk #Trump #Election #Harris #2024Election #Bitcoin #China #Macro #Housing #HousingPrices #housing