🇨🇳 China's first retail contraction since the pandemic exposes a widening production-consumption split
🌏 Bank Indonesia just proved the Iran war is an emerging-market monetary policy shock
🇬🇧 Reeves gets a clean gilt auction. The defence spending arithmetic is another matter.
🇪🇺 The ECB hiked on an energy shock, but wages may not let it stop there
🇺🇸 Housing starts miss big, but Warsh's import price problem is harder to ignore
📰 Daily Macro Roundup: 2026-06-15
🇨🇳 China's factory output climbs while the consumer stalls, and the gap is no longer cyclical
🌏 India's WPI beats at 9.68%, but the benchmark series only launched today
🇬🇧 The UK rate hold is almost certain, but the June 18 vote count is wide open
🇪🇺 Germany's wholesale price dip was a mineral oil tax cut, not disinflation
