🌏 EM's 2026 rally hides two very different trades under one index
🇬🇧 UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote
🇪🇺 The ECB hiked into an energy shock that was already fading
🇺🇸 June's 57,000 jobs miss hides a bigger labor force exodus
📰 Daily Macro Roundup: 2026-07-10
🇨🇳 China's CPI rebound is a scissors gap, not a recovery
🌏 Brazil cools, India stockpiles, Korea sours as EM splits into three different trades
🇬🇧 GBP shorts swell to crisis-era levels as UK calendar stays bare
🇪🇺 German inflation cools to 2.4% while the eurozone accelerates to a three-year high
🇺🇸 Warsh stacks the Fed's review panels with its sharpest QE critics