🌏 India beats on industrial output, Brazil's wholesale prices turn negative, and the EM divide keeps widening
🌏 Brazil's external accounts are self-financing while Singapore's semiconductor output rolls over
🌏 At 7.8%, South Africa's PPI puts a number on the EM commodity divide
🌏 Brazil's confidence split exposes the shallow-cut trap squeezing EM central banks
🌏 Brazil's Copom cuts the Selic to 14.25% as inflation expectations drift further from target; India holds at 5.25%
🌏 India's core industries headline hides a fossil fuel retreat, not a capex slowdown
🌏 South Africa's May CPI lands at the SARB's midpoint, making the case against its May hike harder to sustain
🌏 Bank Indonesia just proved the Iran war is an emerging-market monetary policy shock
🌏 India's WPI beats at 9.68%, but the benchmark series only launched today
🌏 A war premium, not the Fed, forced Bank Indonesia's first emergency rate hike in eight years
