Weakest links!
From Macro Minutes by RBC Capital Markets
April 2, 2026 · 29 min · Season 1 · Episode 100
About this episode
The episode discusses the economic impacts of the Middle East conflict, particularly on supply chains and inflation.
In this episode, we examine how the Middle East conflict transmits economic shocks beyond energy markets, focusing on supply chain disruptions in Asia-Pacific and global inflationary pressures. Join us when we explore why commodity exporters like Australia are feeling the pinch, how central banks will respond to stagflation, and why US equities have remained resilient , though caution is warranted as more significant market headwinds may be emerging. Participants: Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Robert Thompson (Research), Australian Macro Rates Strategist Izaac Brook (Desk Strategy), US Rates Strategy Lori Calvasina (Research), Head of U.S. Equity Strategy * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
People in this episode
Guests: Peter Schaffrik, Robert Thompson, Izaac Brook, Lori Calvasina
Topics covered
- Middle East conflict
- economic shocks
- supply chain disruptions
- global inflation
- commodity exporters
- central banks
- US equities
Keywords
- economic shocks
- Middle East conflict
- supply chain
- inflation
- commodity exporters
- central banks
- US equities
Mentioned in this episode
Organizations: RBC Capital Markets
Places: Middle East, Asia-Pacific, Australia, US
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