Videos

Global bond investors have plenty of concerns to keep them awake at night, including the likely actions of a new Federal Reserve chair. While most attention has focused on Kevin Warsh's inflation-fighting credentials, Will outlines a series of potential changes to the Fed's core operations that could have far-reaching implications.

Just days after the summit between Donald Trump and Xi Jinping, Russian president Vladimir Putin also touched down in Beijing for his own meeting with the Chinese leader. In this video interview, Tom Miller looks at the objectives of China’s diplomatic push, digs into the energy trade that underpins Russia-China relations, assesses whether the US-China summit was a triumph of style over substance, and examines how evolving strategies over Taiwan affect the balance between Washington and Beijing.

In a bid to curb precious metals purchases and defend the currency, India has more than doubled import tariffs on gold and silver. The move follows calls from Prime Minister Narendra Modi for Indians to tighten their belts as the country reels from a soaring energy import bill following the closure of the Strait of Hormuz. Udith explains how mounting stresses in the currency market could ripple through Indian politics and asset markets.

Chinese and global automakers showed off their latest electric vehicles at this year’s Beijing Auto Show, which wrapped on May 3. There are many impressive new Chinese EVs, but the latest models of some of the global automakers are just as innovative and cheap. Ernan Cui argues that after falling behind their Chinese rivals, some of the global auto brands have found ways to both improve their EV tech and lower prices—though that involves some costly trade-offs.

The United Arab Emirates has asked the United States for a US dollar swap line. The US Treasury Secretary has indicated openness and could approve the request. However, there are strong reasons for the Treasury and the Federal Reserve to steer countries towards the newer emergency liquidity facility, the foreign repo facility established in 2020.

On Tuesday, attention in Washington will focus on the politics surrounding Kevin Warsh’s confirmation as Federal Reserve chair. Assuming Donald Trump’s nominee is ultimately confirmed, Will considers how he may approach the role, and whether he will, as many expect, end up doing the administration’s bidding on monetary policy.

The effects of the Iran war are being felt by national power systems globally, but the United States is relatively insulated due to its abundant domestic sources of hydrocarbons. There are, however, winners and losers from this energy shock within the US power system, says Kai Xian. In this video interview he outlines who is up and who is down.

The open-source artificial-intelligence agent OpenClaw has become wildly popular in China and the wider AI world. In this interview, Tilly dissects how OpenClaw plays to the advantages of Chinese AI developers, and its implications for the economics of AI in China—as well as how it might encourage greater take-up of Chinese AI models more broadly.

It is not just US retail gasoline prices that have risen since the start of the Iran war. Long-dated US treasury yields are also up, which implies higher interest rates for new mortgage loans. In this video interview, Tan Kai Xian assesses the impact on US housing affordability and examines whether the US government will implement damage control measures.

Over the last week, voters have cautiously backed centrist politicians in a series of European elections. The process of political fragmentation has hardly reversed in Europe, but many voters are seeking practical answers to difficult questions at a time when Europe feels besieged in both strategic and economic terms. In this interview, Cedric discusses what this more realistic mood means for European Union integration.

For years, the extreme undervaluation of the Chinese currency has been the biggest single anomaly in global financial markets. In recent weeks, however, the renminbi has begun to appreciate at an accelerating pace, with the Chinese authorities setting their daily fixing at successively stronger rates. By the standards of other currencies, the moves so far are small. But the implications are far-reaching, and potentially even epochal. In this webinar Louis-Vincent Gave unpacks the importance of the renminbi’s exchange rate for global investors.

The United States' capture of Venezuelan president Nicolás Maduro threatens a full rupture of the already severely frayed rules-based international order. In this webinar, our team assessed the economic impact of a world dividing into competing spheres of interest and ask what this means for financial markets, especially energy and commodities.

To close out the year, Gavekal’s three founding partners convened to discuss the investment environment heading into 2026. Asset allocators must ponder where the US-China technology rivalry goes from here and whether the two economies can reconcile their differences, if the US consumer can stand up to the pressure, and the relative appeal of emerging markets in regions like Latin America.

Europe’s economy has been hit by a series of external shocks since emerging from Covid lockdowns but seems to be finding a new dynamic through a strengthening domestic investment cycle. In this webinar, Cedric and August explore what this means for growth, inflation and monetary policy. They also outline how this informs their views on the euro and eurozone bonds and equities.

The Xi-Trump meeting October 31 in South Korea left a wake of positive vibes, but also a lot of unanswered questions: exactly how much the US and China will really roll back their respective export controls on semiconductors and rare earths, whether the dispute over Nexperia's ownership will be resolved, and most important, how long this latest truce in the US-China tech competition will last. In this webinar, Arthur Kroeber and Gavekal Technologies research director Laila Khawaja discussed the latest twists and turns.

A year ago, Alexandre Larrain and Louis-Vincent Gave, sat down to discuss the opportunity in Latin American debt markets. Since then, the region's most important bond markets have rallied and important elections are set to occur in Chile, Colombia, Peru and Brazil. Against this backdrop, is the opportunity set in Latin American debt still attractive? Alexandre and Louis discussed these issues and other questions in this Latam Debt webinar.

How durable is the US’s artificial intelligence-driven boom and associated equity bubble? Will Denyer sought to answer this question and suggested investing strategies. Kai Xian covered three initiatives being pursued by the Trump administration—immigration control, reindustrialization and national security policy—and assessed their investment implications.

In Gavekal’s London conference last week, partners and analysts covered a wide range of topics across five panels: China and emerging markets; the potential end of US exceptionalism; a fireside chat with Charles Gave; trade and technology wars; and investment strategy.

China's equity markets have gone on a renewed tear since July—just when its economic data started to soften. The disconnect between macro and markets has only widened since then, with local traders getting more excited and economists more concerned. Our China team assessed the changing landscape.

Dan Wang, who was Gavekal's technology analyst for six years, has just published an important book, Breakneck: China's Quest to Engineer the Future. He joins Gavekal head of research Arthur Kroeber in a conversation about China's technological progress and competition with the US, and argues that the engineering mindset of China's government is why the country has become the world's undisputed manufacturing superpower.