🇬🇧 Iran's shipping disruptions are landing in UK shop prices, and the BoE's room to cut in June is shrinking
🇪🇺 The ECB is probably hiking in June. Its own financial stability team just warned the market isn't priced for the shock.
📈 The Strategy: 2026-05-27
📑 The Watchlist: 2026-05-27
📰 Daily Macro Roundup: 2026-05-27
🇨🇳 China's 41-month factory deflation just ended. The global disinflation subsidy went with it.
🌏 South Africa's leading index is at 123.0 and rising. The SARB may hike despite the recovery its own data is signaling.
🇬🇧 Non-food prices have turned positive in the UK, and the Budget is why
🇪🇺 Spain's PPI doubled in April. Core goods fell. The ECB's June 5 problem just got messier.
🇺🇸 US home prices post their softest annual gain since 2023, with Zoom towns slipping into outright nominal decline
