🏭 BMW's margin retreat shows Europe is absorbing China's EV shock, not blocking it
📰 Daily Macro Roundup: 2026-09-30
🇨🇳 China's PMIs clear 50 the same week Beijing piles on more stimulus
🌏 Korea's factory slump and Brazil's jobs beat are both too messy to take at face value
UK growth tops the G7, but the Bank's own risk committee isn't celebrating
🇪🇺 Five eurozone countries just ran hot on inflation, and core is starting to move too
🇺🇸 Williams cracks the Fed's hawkish unanimity as consumer confidence hits an 11-year low
📈 The Strategy: 2026-09-30
📑 The Watchlist: 2026-09-30
♟️ Trump rejected the Hormuz deal just as US troops walked out of Iraq