🇨🇳 Hong Kong exports up 43%: China is deep in the AI hardware boom and keeping its researchers at home
🌏 SARB holds at 6.75% for a third straight meeting as April CPI spikes 90bps. The Iran war is closing EM central banks' easing room.
🇬🇧 UK CPI at 2.8% is the easy part. The DMO still has £252bn to sell into a 4.85% gilt market.
🇪🇺 The ECB hits neutral just as inflation jumps to 3.0% and Spain's consumers pull back
🇺🇸 April PCE: the headline says 3.8%, the Fed's actual signal says something much quieter
📈 The Strategy: 2026-05-28
📑 The Watchlist: 2026-05-28
📰 Daily Macro Roundup: 2026-05-27
🇺🇸 April core PCE is set to re-accelerate to 3.3%, and there's no clean Fed response
🌐 Hong Kong has overtaken Switzerland as the world's top offshore wealth hub. The $10 billion gap is the least interesting part.
