📑 The Watchlist: 2026-09-11
📚 What PPI's intermediate demand stages tell you before final demand does
📰 Daily Macro Roundup: 2026-09-10
🇨🇳 China's inflation rebound is an energy story, not a credit one
🌏 South Africa's current account surplus didn't survive the oil shock that Turkey shrugged off
🇬🇧 Gilts price three hikes the Bank of England insists aren't coming
🇪🇺 The ECB just hiked into an oil shock, and Bund yields are back at 2011 levels
🇺🇸 PPI's hottest print since 2022 hides a core inflation miss
📈 The Strategy: 2026-09-10
📑 The Watchlist: 2026-09-10