📰 Weekly Macro Roundup: 2026-05-30
🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
🌏 EM central banks are fracturing along the current account fault line
🇪🇺 Germany's May CPI misses by 30 basis points, and the energy impulse behind Schnabel's post-June case is already fading
🇬🇧 UK composite PMI fell to a 13-month low in May while services input costs hit an all-time survey high
🇺🇸 Yields retreated. The inflation pipeline did not.
🇨🇳 China's reflation signal is real. The recovery it implies isn't.
🌏 India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction
🇬🇧 Huw Pill's vote to hike says more about the BoE's rate path than the 8-1 hold does
🇪🇺 Eurozone stagflation is back, and the ECB is being asked to fix inflation that monetary policy didn't cause
