Economic Commentary and Market Views by Daniel Lacalle
Daniel Lacalle: Brent at $74 and WTI at $70 as disinflation accelerates
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, observes that Brent crude oil prices have reached $74 per barrel while WTI stands at $70. Lacalle explains that the ...
UK economy contracts for second straight month, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that the UK economy contracted for a second consecutive month in June, citing a private sector survey. The data ...
Daniel Lacalle: Public spending is a key driver of inflation, not central banks
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, claims that central banks refuse to acknowledge public spending as the main cause of inflation. He adds that their ...
U.S. dollar index climbs past 100 as global demand reaches new record, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that the U.S. dollar index has risen above 100 amid record global demand for U.S. assets. This movement ...
Daniel Lacalle: U.S. sales data surges month over month and year over year
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, points to strong U.S. sales growth both month over month and year over year, even excluding gasoline and autos. He ...
Commodity prices drop to March levels as supply outlook shifts, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, observes that the global commodity index has returned to levels last seen in early March. He notes that markets are ...
Daniel Lacalle: Gold rises as market sees less geopolitical risk and oil prices drop
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, notes that gold prices are strengthening as geopolitical concerns ease while oil prices fall and markets anticipate ...
Bank of Japan policy shift will limit credit and raise borrowing costs, Daniel Lacalle argues
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, criticizes the Bank of Japan's plan to raise interest rates. He argues that the rate hike will not affect energy ...
Daniel Lacalle: Markets factor in easing supply risks and lower Baltic Dry Index
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, observes that markets appear to be discounting diminishing supply challenges as geopolitical risks ease. Lacalle ...
Hiking rates during energy spike could crush households, Daniel Lacalle warns
Daniel Lacalle, chief economist / investment manager at Tressis Gestion, cautions against central banks raising rates in response to a temporary energy spike. He argues that such a move will not ...
Daniel Lacalle: India economy expands 7.8 percent from January to March
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that India’s economy expanded by 7.8 percent between January and March, outpacing prior expectations. This ...
Bloomberg commodity index moves into bearish territory, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that the Bloomberg commodity index has moved from a phase of consolidation to a bearish trend. This ...
Daniel Lacalle: Interventionists now seek windfall taxes on AI and internet profits
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights a shift among interventionists regarding technology investments. He notes that those who previously ...
Germany, Malta, and France report lowest inflation, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that inflation in the eurozone is continuing to rise, with services—alongside energy—contributing to the ...
Daniel Lacalle: China factory output exceeds forecasts in May despite weaker official data
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that China’s factory activity outperformed forecasts in May, according to a private survey. This positive ...
U.S. labor productivity climbs across most trade industries in 2025, Daniel Lacalle notes
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights recent gains in U.S. labor productivity. According to Lacalle, labor productivity increased in 35 of 46 trade ...
Daniel Lacalle: U.S. economic performance contrasts sharply with Iranian regime conditions
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, compares recent economic indicators between Iran and the U.S. in a critical perspective. He highlights Iran's 115% ...
Fed prioritizes inflation battle over jobs, Daniel Lacalle notes
Daniel Lacalle, chief economist / investment manager at Tressis Gestion, highlights a contrast between the Federal Reserve’s Beige Book assessment and comments from Fed’s Kashkari. Lacalle ...
Daniel Lacalle: U.S. consumer confidence and Fed indexes surpass estimates
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that U.S. consumer confidence remains above estimates, while the Chicago Fed national activity index and ...
Taxes make up to 65 percent of fuel costs in parts of U.S. and Europe, Daniel Lacalle notes
Daniel Lacalle, chief economist / investment manager at Tressis Gestion, comments that gas prices in the U.S. may drop rapidly. However, he highlights that high-taxation states in the U.S. and ...
Daniel Lacalle: UK public borrowing surges as spending and taxes rise
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, criticizes the United Kingdom's approach to public finances. He points to increases in unsustainable current spending and ...
