🌏 Brazil's trade surplus hides an $18bn capital exodus
🇬🇧 The Bank of England's first hawkish dissent in this cutting cycle is a stagflation warning
🇪🇺 ECB minutes reveal a hiking cycle it didn't want, and traders are now pricing three moves this year
🇺🇸 US labor market stability is now an argument against rate cuts, not for them
📰 Daily Macro Roundup: 2026-07-08
🇨🇳 PBOC repeats its easing pledge, but China's real rates say otherwise
🇬🇧 BoE dissenters wanted a hike as construction posts its worst reading since lockdown
🌏 Brazil's central bank is now fighting a strong currency, not a weak one
🇪🇺 A hawkish ECB collides with a construction sector still stuck at 2023 lows
🇺🇸 Fed minutes, not the new chair, are about to move markets