Latest
The current state of play, organised by section. Daily and weekly briefings, ordered by what just happened.
Featured
The day in view
📰 Daily Macro Roundup: 2026-05-29
🇨🇳 PBOC's May easing has reached the offshore channel, but the order book hasn't followed
🌏 SARB's 4-2 hike leaves the harder question to May CPI
🇬🇧 Bailey anchors a hold before June's services CPI test
🇪🇺 France contracted in Q1, German energy import costs jumped 31.0%, and money markets still have the ECB hiking on June 11
🇺🇸 Core PCE missed on the month, rose on the year, and the yield bid has a 60-day sponsor
The week in view
📰 Weekly Macro Roundup: 2026-05-30
🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
🌏 EM central banks are fracturing along the current account fault line
🇪🇺 Germany's May CPI misses by 30 basis points, and the energy impulse behind Schnabel's post-June case is already fading
🇬🇧 UK composite PMI fell to a 13-month low in May while services input costs hit an all-time survey high
🇺🇸 Yields retreated. The inflation pipeline did not.
The Watchlist
The Strategy
Industry focus
🏭 Industry in Focus, 27-05-2026: Two memory makers crossed $1 trillion in a week. HBM is the real ceiling on AI infrastructure.
🌐 Industry in Focus, 25-05-2026: Oil markets had a backup route around Hormuz. Iran took it out.
🇺🇸 Industry in Focus, 14-05-2026: America's Chip Industry Gets a State Investor
🏭 The Pentagon's UAP files aren't about what's in the sky
The week in geopolitics
