🇪🇺 Manufacturing is up in Europe, but it's inventory-driven. Services just hit a five-year low.
🇨🇳 DeepSeek's first outside raise comes at a $50 billion valuation, and Beijing's sovereign AI fund wants in
🌏 Brazil's wholesale prices are running hot again, and India's banks have a funding problem
🇬🇧 The BoE held while inflation climbed. The lone dissenter is starting to look prescient.
🇪🇺 The ECB's credibility trap tightens as Lagarde, Schnabel, and de Guindos speak Friday
🇺🇸 April payrolls beat the street, but a record-low Michigan Sentiment reading is the number the Fed can't ignore
Daily Macro Roundup: 2026-05-07
🌍 Brazil's industrial output is booming. Its domestic manufacturers have been contracting for nearly a year.
🇨🇳 China's FX reserves hit $3.411 trillion in April, but the dollar's weakness did most of the work
🇬🇧 UK construction hits a five-year low in April, and the cost surge is beyond what rate cuts can fix
