What is behind the calmness in global markets?

全球市场平静背后的原因是什么?

Business Matters

2025-06-21

49 分钟
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Global markets, including the US, have been quietly calm, although there have been warning signs of looming risks and uncertainty after Donald Trump’s “liberation day” tariffs announcement. What’s behind such market “silence”? Roger Hearing hears from Gillian Tett, the chair of the Editorial Board of the Financial Times and the Provost of Kings College Cambridge, who has been writing about this. And how are businesses navigating global sourcing and supply chain risks and disruptions? A Global Sourcing Risk Index, produced by Proxima and Oxford Economics, shows how much business leaders still need to do. Also, a group of economists, backed by the Vatican, are calling for a reshaping of the international financial system to help developing countries that are heavily in debt and struggling to finance important social issues in their countries like healthcare and education. Throughout the programme, Roger Hearing will be joined by two guests on opposite sides of the world: Tony Nash, CEO and founder of Complete Intelligence, an AI-based financial forecasting firm in Houston; and Nga Pham, a journalist based in Taiwan.
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  • And welcome to Business Matters.

  • I'm Roger Hearing.

  • On the programme today, the strange calm of global markets, despite the upheavals of recent months.

  • So what's going on?

  • Also,

  • a group of economists backed by the Vatican call for a reshaping of the international financial system to help indebted countries.

  • But why do those nations keep taking on new debt?

  • Basically, you don't have enough resources to allocate to your priority spending.

  • That's actually sort of crowd out all the resources that are needed for all the priority,

  • whether it is health care, whether it is education, whether it's infrastructure.

  • Plus, how secure are international supply chains?

  • There's a new survey.

  • A report from Thailand on the elderly Westerners finding a cheap retirement home there.

  • And eggs in America, so expensive that they're getting stolen.

  • And I'll be joined throughout the programme by two guests on opposite sides of the world,

  • Nga Pham, journalist and filmmaker, who's joining us from Hanoi.

  • Nga, very good morning to you.

  • Good morning, Roger.

  • It's indeed very, very early in my country now.

  • 7am, can you imagine?