🇨🇳 China's record surplus masks a factory-gate squeeze that is ending two years of cheap-goods disinflation
🌏 EM easing cycles are hitting their inflation ceilings, and Brazil's Copom is up first
🇬🇧 BoE gets 24 hours between May CPI and its rate decision, with the July energy reset already locked in
🇪🇺 Germany stays frozen as the ECB prepares to hike, putting tomorrow's staff projections on trial
🇺🇸 The energy shock that pushed May CPI to 4.2% may be quietly doing the Fed's work
📰 Daily Macro Roundup: 2026-06-09
🇨🇳 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.
