The Global Economy Podcast with Fexingo: International Markets, Currencies, and World Trade

Lucas and Luna examine why Portugal's stock market is outperforming Spain in June 2026, despite the ECB's rate hike and geopolitical tensions. They discuss Portugal's lower exposure to energy-intensive industries, its booming tourism sector, and how the country's trade balance with the EU has shifted. The episode also touches on the broader divergence within the Eurozone, using specific ETF data a...

Episode 56 of The Global Economy Podcast. India ETFs like INDA have surged 4.5% in a week while China ETFs are flat. Lucas and Luna break down why India is attracting foreign capital amid global rate hikes and geopolitical uncertainty. They discuss India's domestic-driven economy, its relatively insulated export sector, and the role of its services exports. The hosts also touch on how the strong d...

Episode 55 of The Global Economy Podcast with Fexingo. Lucas and Luna explore a puzzling divergence: Canadian equities are hitting multi-year highs in June 2026, yet the loonie remains soft against the US dollar. They drill into two specific drivers: Canada's energy exports benefiting from elevated oil prices amid the Gulf conflict, and the Bank of Canada's cautious rate stance. Lucas cites the re...

Singapore's stock market has been quietly outperforming most of Asia in June 2026, with the iShares MSCI Singapore ETF (EWS) up 5.5% over the past five days. In this episode, Lucas and Luna unpack the surprising resilience of Singapore's economy amid global uncertainty, from the strong dollar and trade diversion to the city-state's role as a haven for capital flight. They explore how Singapore's f...

The Swiss franc has long been the ultimate safe haven, but in June 2026, cracks are showing. With the trade-weighted US dollar index at 120.1 and the ECB hiking rates for the first time since 2023, the franc is caught between a strong dollar and a resurgent euro. Lucas and Luna examine how Switzerland's export-dependent economy is suffering as the franc remains overvalued, why the Swiss National B...

Lucas and Luna dive into the European Union's new tariffs on Chinese electric vehicles, announced June 12, 2026. They examine how a 25% levy on Chinese EV imports is reshaping supply chains, from battery sourcing to factory locations. The hosts discuss the impact on Chinese automakers like BYD and SAIC, the potential for retaliatory measures, and what this means for European consumers and green en...

The European Central Bank just raised rates for the first time since 2023, but the impact is anything but uniform across the eurozone. Lucas and Luna examine how the ECB's 25-basis-point hike on June 11, 2026, is widening the gap between core economies like Germany and peripheral nations like Italy and Spain. They look at Italy's ETF surging 3.4% in the past week while Germany's barely budged, and...

In this episode of The Global Economy Podcast, Lucas and Luna examine why Spain's stock market (EWP) has surged 3.6% over the past five days, outperforming most eurozone peers. They explore the specific drivers: a strong tourism rebound, a banking sector less exposed to the Iran conflict, and the ECB's recent rate hike that benefits Spanish lenders. They also discuss why Germany's market (EWG) has...

In this episode of The Global Economy Podcast, Lucas and Luna explore a surprising economic twist: as the US dollar strengthens, UK exports are getting a hidden boost. Despite the UK economy shrinking 0.1% in April 2026 due to Iran conflict headwinds, the weak pound against the dollar is making British goods cheaper for American buyers. Lucas breaks down the data — the trade-weighted dollar index...

Episode 48 of The Global Economy Podcast examines the surprising rally in Mexican equities this month. As US trade policy shifts and nearshoring accelerates, the Mexico ETF (EWW) has jumped 4.8% in the past week. Lucas and Luna explore how Mexico is benefiting from US-China tensions, the strong dollar, and rising energy costs tied to the Gulf conflict. They discuss the country's manufacturing boom...

In this episode of The Global Economy Podcast, Lucas and Luna explore why South Korea ETFs (EWY) jumped 13.6% in a single week while most global markets are tepid. They examine how the Iran war is boosting Korean semiconductor and battery exports, the role of the won's weakness against the dollar, and whether this rally is sustainable. With the ECB hiking rates and US inflation at 4.2%, Korea's ex...

While the ECB just hiked rates for the first time since 2023, Italy's stock market is surging. Lucas and Luna break down why Italy ETFs (EWI) are up over 4% in the past week, outperforming Germany and France. They explore two key drivers: Italy's banks benefiting from higher rates and a post-pandemic tourism rebound that's boosting consumer stocks. With the trade-weighted dollar at 120 and energy...

The European Central Bank raised interest rates on June 11, 2026, its first hike since 2023, as the Iran conflict drives energy costs and inflation. Lucas and Luna break down why the ECB acted now, how the eurozone economy is diverging from the US, and what the 1.1% wholesale price jump in the US means for global inflation. They also explore the impact on emerging markets like Brazil and India, us...

The trade-weighted US dollar index hit 120.1 in early June 2026, its highest level in over two decades. That strength is reshaping global trade flows in ways many investors overlook. In this episode, Lucas and Luna examine how a strong dollar acts as both a tax on US exports and a subsidy for foreign competitors. They break down why the dollar's rally is widening the US trade deficit despite a nar...

While emerging market ETFs are getting hammered in June 2026—South Korea's EWY down over 10% in a week, China's FXI sliding—Indonesia's INDA is barely off, down just 1.2%. Lucas and Luna drill into one reason: Indonesia's commodity export boom, especially nickel and coal, which is insulating the country from the dollar strength crushing other EM currencies. The rupiah is stable, the trade surplus...

This episode of The Global Economy Podcast with Fexingo examines why Asian exporters like South Korea and Taiwan are struggling despite a strong dollar that should boost their export competitiveness. With the trade-weighted dollar index at 120.1, up from 119.36 a week ago, and the yen sliding past 160 per dollar, we drill into the specific mechanism: many Asian economies import critical inputs—ene...

Lucas and Luna explore why emerging market ETFs like EEM and VWO are tumbling in June 2026 even as the US stock market holds up. They trace the damage to a surging trade-weighted dollar index at 120.1, which is hammering countries with dollar-denominated debt and commodity imports. Specific focus on South Korea's EWY ETF down 14.7% in five days — worst in emerging markets — and how the strong doll...

In this episode of The Global Economy Podcast, Lucas and Luna explore how the surging US dollar is creating a hidden crisis in emerging market debt markets. With the trade-weighted dollar index hitting 120.1, countries that borrowed in dollars are now facing enormous repayment pressure. The hosts drill into one specific case: the growing risk of sovereign defaults in frontier economies like Sri La...

In this episode of The Global Economy Podcast, Lucas and Luna dissect the latest US trade deficit data—$60.3 billion in goods and services for March 2026—and explore how this persistent imbalance is forcing multinational corporations to rethink supply chain strategies. They examine why the strong dollar, currently at 118.9 on the trade-weighted index, makes imports cheaper but exports costlier, am...

While global equity markets are selling off in June 2026, the Eurozone manufacturing sector is showing surprising resilience. Lucas and Luna dive into the latest PMI data, explaining why Germany and France are diverging from the rest of the world, and what this means for currency markets and trade flows. They discuss the role of the Iran conflict, the strong dollar, and the ECB's policy stance in...

This episode examines how escalating conflict between the US and Iran is rerouting global shipping lanes and upending supply chains that were already fragile. Lucas and Luna break down why the VGK Europe ETF is outperforming emerging markets by 12 percentage points this week, what the sharp drop in South Korea's EWY ETF tells us about export-dependent economies, and how the trade-weighted dollar i...

In this episode of The Global Economy Podcast, Lucas and Luna examine a puzzling divergence in emerging markets: while Brazil's currency, the real, has strengthened against the dollar, the iShares MSCI Brazil ETF (EWZ) has dropped nearly 5 percent in the past week. They unpack the specific forces driving this—from commodity price cycles to domestic political risk and the unwinding of carry trades....

While most emerging market ETFs are getting hammered this week — South Korea's EWY down 19 percent, Taiwan's EWT falling 7.8 percent — India's INDA has dropped only 1.4 percent. Lucas and Luna dig into why Indian equities are holding up. They look at India's domestic-demand-driven economy, its insulation from the Iran-driven energy shock, and the steady flow of foreign portfolio investment despite...

Taiwan Semiconductor Manufacturing Company reported strong earnings growth in early 2026, yet Taiwan-focused ETFs like EWT have dropped nearly 8% in the past five trading days. Lucas and Luna unpack the disconnect, examining how geopolitical risk from escalating US-Iran tensions and a broader tech selloff are overwhelming solid fundamentals. They drill into the specific numbers: TSMC's revenue up...

Taiwan Semiconductor (TSMC) just reported record May revenue, yet Taiwan ETFs like EWT are down nearly 7% in the past five days. Lucas and Luna dig into the disconnect—why a company with dominant market share in advanced chips, strong pricing power, and a strategic position in the AI supply chain is seeing its stock and ETF slide. They trace the pressure to three forces: US-China tariff escalation...