📰 Daily Macro Roundup: 2026-06-25
🌏 At 7.8%, South Africa's PPI puts a number on the EM commodity divide
🇨🇳 PBOC holds for a record 13th month. Bank margins, not caution, are the constraint.
🇬🇧 UK retail is printing at lockdown-era levels and two Bank of England members still want to hike
🇪🇺 Spanish GDP holds at 2.7% while the ECB tightens into a consumer that never recovered
🇺🇸 Three months at 3.4%: core PCE won't budge, and the economy won't help
📰 Daily Macro Roundup: 2026-06-24
🇨🇳 China's rate freeze extends to 13 months, but the export surplus propping up the yuan looks increasingly fragile into H2
🌏 Brazil's confidence split exposes the shallow-cut trap squeezing EM central banks
🇪🇺 ECB's first hike since 2023 lands in an economy the June data says is barely growing
