🇨🇳 China's record $105bn surplus lands, and the Iran war may be doing what the PBOC could not
🌏 The EM easing cycle's fate in 2026 comes down to two CPI prints on June 12
🇬🇧 UK retail's May surge flatters to deceive as airline spending flags a softer Q3
🇪🇺 Germany's order collapse is a European demand problem. The ECB is hiking into it regardless.
🇺🇸 Small business hiring falls to a six-year low while markets price a rate hike
📈 The Strategy: 2026-06-09
📑 The Watchlist: 2026-06-09
📰 Daily Macro Roundup: 2026-06-08
🌏 Taiwan and South Korea own half of MSCI EM and nearly all of its Hormuz risk
🇬🇧 May retail bounce hands the BoE cover to hold as UK vacancies fall to 2014 lows
