3 NOVEMBER 2025
Macro & Markets: Automakers in heavy traffic
Start your week with insight on global market news and perspective on what’s ahead.
Macro moments
Welcome to the Franklin Templeton Institute’s ‘Macro moments’, a four-part series hosted by Michael Browne, the institute’s newest global investment strategist. Michael and his guests take on the most significant and impactful events. He examines the moments that are shaping global power dynamics and investment outcomes for the years ahead.
Each episode dives into: 1. the macro; 2. the market; and 3. the managers.
Michael Browne
Global Investment Strategist, Franklin Templeton Institute
Episodes
EPISODE 1
US exceptionalism: can innovation counter the dollar's decline?
Tariffs, taxes and the Fed – the US is one of the only countries to have returned to pre- pandemic growth levels but could recent policy turmoil undermine its global role? Or, is tech leadership sufficient to keep its nose ahead in the competition for global capital.
EPISODE 2
Between giants: the UK’s post-Brexit balancing act
As Europe and the US jostle for position in what feels like a new world order, can the UK’s island economy establish a strong and independent economic stance or will it succumb to the prevailing tradewinds?
EPISODE 3
The EM power play: does EM even need DM?
If India and China both hit a sweet spot and maintain their stunning growth trajectories, can they uncouple from developed markets. We explore the potential of these emerging giants to establish independent economic leadership and the implications for global dynamics.
EPISODE 4
Re-wiring the future: pipes, roads & AI’s energy hunger
As we look to the future, the demand for infrastructure investment is more critical than ever. We delve into the intersection of traditional infrastructure like steel and roads, decarbonisation and the burgeoning energy needs of AI technology. We explore how these elements are driving opportunities for infrastructure investment.
