In the World

Fed Kevin Warsh Presidente Reunion Junio 26

Pimco rules out Fed rate rise for whole of 2026 following latest inflation figures

Analysed by Tiffany Wilding Both headline and core CPI inflation came in lower than expected in June. Headline CPI fell by 0.4 per cent month-on-month, bringing the year-on-year rate down to 3.5 per cent, as a fall of approximately 10 per cent in energy prices combined with unexpectedly subdued core inflation. Core CPI remained unchanged over the month. What does this mean? It is important to note that the details…


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Physical climate risk: now a recurring factor in capital allocation decisions, according to Neuberger

Global economic losses caused by natural disasters reached $224,000 M, exceeding the historical average for the last 30 years. The increasing frequency of extreme weather events is forcing the financial system to factor in risks that were historically considered sporadic or idiosyncratic. By Neuberger The physical effects of climate risk are becoming increasingly evident in the rising frequency and severity of natural disasters, and economic losses now consistently exceed historical…


OCDE

69% of world’s 10,000 largest listed companies have made commitments to OECD’s principles on corporate responsibility

Reported by Consejeros Editorial Team To mark the 50th anniversary of the OECD Guidelines for Responsible Business Conduct, the organisation has published a report highlighting the level of corporate commitment to human rights, sustainability and governance in each region of the world. According to this document, of the 10,000 largest listed companies, 69 per cent have made commitments to social, environmental and governance standards, although there are significant differences by…


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Earnings season getting underway, and will be key to validating stock market valuation multiples

Report by Renta 4 European markets opened lower (Eurostoxx 50 futures down 0.4%), reflecting yesterday’s declines on Wall Street, which were centred on the technology sector (Nasdaq down 1.9%) and against a backdrop of a deteriorating geopolitical situation in the Middle East. US futures are rebounding slightly (S&P up 0.1%, Nasdaq up 0.4%). Of particular note is yesterday’s sharp rise in Brent crude – up 10% – to $83 per…


BLOCKCHAIN

SWIFT launches its blockchain for payments with 17 banks

SWIFT – which connects 15,000 financial institutions worldwide – has announced that its blockchain DLT is going live with 17 partner institutions (ANZ; BNP Paribas; BNY; Citi; DBS; First Abu Dhabi Bank (FAB); FirstRand Bank Limited; HSBC; Itaú Unibanco; Lloyds Bank; Mashreq; MUFG Bank; OCBC; Standard Chartered; UBS; UOB and Wells Fargo). These institutions will be able to process cross-border payments using tokenised deposits and carry out transfers in real…


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25 per cent of S&P companies already reporting measurable benefits from AI

Analysis by Morgan Stanley Investors have expressed some concern about the shift from a ‘tokenmaxxing’ strategy – focused on maximising the use of artificial intelligence (AI) capacity within companies – towards a more cost-disciplined approach, and about the implications this could have for AI adoption. However, companies continue to highlight increasingly visible and quantifiable benefits derived from its implementation. In 2Q26, 40 per cent of companies identified as AI adopters…


US worker

Labour markets in OECD countries remain strong, but real wages continue to lag behind

Reported by Consejeros Editorial Team The OECD Employment Outlook 2026 report notes that labour markets in member countries remain in a strong position, with record levels of employment and historically low unemployment rates. In May 2026, employment stood at 670 million people, 26 per cent higher than in 2001, and is forecast to continue growing moderately throughout 2026 and 2027. Similarly, the unemployment rate stood at 4.9 per cent and…


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Tensions between Trump and rest of world flaring up again, but IMF believes global economy has weathered war better than expected

Report by Renta 4 European markets opened higher (Eurostoxx 50 futures up 1%) following a session on Wall Street that started slowly but ended strongly, leading to a recovery of 1%–1.5% in the main US indices, as well as gains in futures (S&P 500 and Nasdaq 100 up 0.2%–0.3%). All this despite the escalating tensions between the US and Iran, which have pushed Brent crude up by 9% over the…


Trump

Trump now says Spain “completely redeemed itself” by committing to major NATO payment

“I must say I had problems with Spain, and I still do, but today Spain completely redeemed itself. Spain was very generous today… they agreed to a major payment request, and if they hadn’t, we wouldn’t even be talking to them,” the US President stated just hours after publicly lashing out against Spain—calling it “a terrible partner” and “a lost cause”—and against Spaniards, whom he labeled “bad people.” This initial…


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AI being integrated slowly into board agendas, according to IESE study

Reported by Consejeros Editorial Team The findings of the 2026 Survey on Boards of Directors, conducted by the Centre for Corporate Governance at IESE Business School, conclude that 55 per cent of board members believe that AI is not yet delivering tangible results for their companies. Furthermore, only 36 per cent of respondents state that their board addresses this issue just once a year, whilst only 15 per cent say…