🇪🇺 ECB hikes into an energy shock while Switzerland shows what the alternative looks like
🇺🇸 Collins calls the hold "close to neutral" as the Fed's real rate buffer approaches zero
📰 Daily Macro Roundup: 2026-06-03
🇨🇳 China's May manufacturing PMI flatlined at 50.0 as new orders fell back into contraction
🌏 Brazil's April industrial beat suits a BCB that wants to cut slowly, but the PMI just went negative
🇬🇧 UK services slip into contraction for the first time in 13 months as Greene signals a growing case for hikes
🇪🇺 Spain holds expansion while France and Germany contract, putting one rate policy against two crises
🇺🇸 Vacancies hit a near two-year high, but nobody is actually hiring
📰 Daily Macro Roundup: 2026-06-02
🇨🇳 China's record April surplus masks an ASEAN re-routing play
