Macro Soup Newsroom
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Macro Soup's editorial desk. Daily and weekly briefings on global markets for self-directed investors. Global coverage, 5 to 7 minutes, written by a peer who has seen enough cycles to take the data seriously and the noise less so.
🇬🇧 BoE's QE loss estimate reaches £125bn as gilt yields keep the fiscal pressure on
🇪🇺 Eurozone PMI holds at 52.2 for a fourth straight month as ECB hawks and doves split on June
🇺🇸 Treasury dropped core inflation from its scorecard. The timing is convenient.
Daily Macro Roundup: 2026-05-04
🇨🇳 China's PMIs split in April: manufacturing held, services contracted, and stimulus still hasn't closed the demand gap
🌍 EM manufacturing is fracturing into three blocs — and a Hormuz incident threatens the leaders
🇬🇧 The BoE held rates. One member wanted to hike. That disagreement is the story.
🇪🇺 Euro area manufacturing is back above 50 for a second month — the ECB plans to hike into it anyway
🇺🇸 Q1 GDP came in at 2.0%. The PCE surge to 3.5% is the actual problem.
Weekly Macro Roundup: 2026-05-02
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