Macro
Macroeconomic data releases, indicators, and market reactions. GDP, inflation, employment, and economic policy.
German June CPI fell to ~2.4% as state-level readings missed expectations
Regional CPI data released 30 June showed year-over-year inflation falling across four German states; the national June headline was estimated at approximately 2.4%, down from 2.6% in May. No specific price moves for German Bunds or EURUSD were reported.
China June manufacturing PMI beat at 50.3; CSI 300 and Hang Seng tied to data
China's official manufacturing PMI came in at 50.3 for June 2026, above the 50.1 forecast and up from 50.0 in May; the non-manufacturing PMI reached 50.2 and the composite PMI stood at 50.6. ING held its Q2 GDP growth estimate at 4.6% year-on-year, while the ex-factory price index fell to 48.2.
Record June heatwave hits France, UK, Switzerland; agriculture and energy sectors affected
A record-breaking June 2026 heatwave across France, the UK, and Switzerland prompted public health warnings and school closures; agriculture, energy and utilities, and insurance sectors were reported as directly affected.
US PCE inflation rose 4.1% year-on-year in May 2026, largest since April 2023
The PCE price index rose 4.1% year-on-year and 0.4% month-on-month in May 2026, with the Dallas Fed trimmed mean PCE rising to 2.8% from 2.4%. Energy costs including gas prices were identified as key drivers.
Australia May 2026 unemployment fell to 4.4%; part-time jobs led gains
Australia's unemployment rate fell to 4.4% from 4.5% in May 2026, matching consensus, as employment rebounded from April declines; job gains were concentrated in part-time positions and the participation rate was unchanged.
Bessent reaffirms 3% GDP growth target; Kalshi traders price lower
Treasury Secretary Scott Bessent stated on 24 June 2026 that GDP could reach 3% growth before year-end, reaffirming the '3-3-3' plan; Kalshi prediction market traders were reported pricing materially below that target.
Kospi falls 10%; Nasdaq 100 loses $1.3 trillion over two days
South Korea's Kospi fell 10% on 23 June 2026 in its worst single session since March 2020, with Samsung Electronics and SK Hynix leading losses; Nasdaq 100 constituents lost approximately $1.3 trillion in combined market capitalisation over the two-day period ending 24 June 2026.
Japan June PMI composite hits three-month high; input costs surge
Japan's flash June 2026 composite PMI rose to 52.5, a three-month high, as manufacturing reached 54.9 and services improved to 51.8; input costs rose to their strongest level since July 2022, and manufacturing payrolls expanded at their fastest pace in over eight years.
US futures fell and 10-year Treasury yield rose to 4.483%
US stock index futures for the S&P 500 and Nasdaq declined during Sunday trading on 21 June 2026, while the 10-year US Treasury yield rose more than 3 basis points to 4.483% as markets reopened on 22 June 2026, ahead of a scheduled inflation data release.
King Charles III to publish personal tax details in UK first
King Charles III will become the first British monarch to publicly disclose his personal tax information, with figures for 2024-25 due later this week.
Japan May CPI hits 1.5%; core-core inflation slows to 1.8%
Japan's May 2026 CPI printed at 1.5% year-on-year, with core-core inflation at 1.8% y/y — below the 1.9% consensus — following a Bank of Japan rate hike in the same week. USDJPY and JGB futures were named in coverage of the release.
UK May 2026 borrowing hits £23.3bn, second highest on record
ONS data released 19 June 2026 showed UK public sector net borrowing reached £23.3bn in May 2026, above market forecasts and the second highest May figure on record. UK gilts and sterling via GBPUSD were named in coverage connected to the release.
UK CPI holds at 2.8% in May, below 3.0% forecast
UK annual CPI inflation held steady at 2.8% in May 2026, defying economist forecasts of a rise to 3.0%, as higher transport costs were offset by slower food price rises.
UK GDP contracts 0.1% in April as Iran war lifts energy costs
The UK economy shrank 0.1% month-on-month in April 2026, matching consensus, as rising energy costs tied to the US-Iran conflict weighed on services activity.