| Theme | US | EU | CN | JP | IN |
|---|---|---|---|---|---|
| Inflation | ↓︎CPI 3.3% | ↓︎HICP 2.5% | ↑︎PPI +0.5% | ↑︎CPI 1.3% | ↓︎CPI 3.40% |
| Monetary Policy | →︎Hold 3.63% | ↓︎Hike risk | →︎Hold 3.00% | ↓︎Hike Jun | →︎Hold 5.25% |
| Property | ↓︎PERMIT -5.8% | ↑︎Permits +10% | ↓︎Distressed | →︎Real flat | →︎Stable |
| Trade & Tariffs | ↕︎SCOTUS flux | ↓︎Iran drag | ↕︎$1.2T surp | ↕︎CN+32% US- | ↑︎Tariff -7pp |
| Theme | US | EU | CN | JP | IN |
|---|---|---|---|---|---|
| Labor Market | →︎UE 4.3% | ↑︎UE 6.2% low | ↓︎UE 5.4% | ↑︎UE 2.8% | ↑︎UE 4.9% low |
| Consumer | ↓︎Sent. low | ↓︎Conf -13.1 | ↓︎Save 36% | ↓︎Spend -1.8% | ↓︎PMI 3y low |
| Credit | ↑︎HY OAS 2.9% | ↑︎NFC +2.93% | ↓︎TSF weak | ↑︎Cred +4.3% | ↑︎Cred +14.5% |
| Growth | →︎WEI 2.80 | ↓︎GDP 0.2%Q | →︎GDP 5.0% | →︎GDP 1.3%a | ↑︎GDP 7.8% |
| Theme | US | EU | CN | JP | IN |
|---|---|---|---|---|---|
| Currency / FX | ↓︎DXY 98.23 | ↑︎EUR 1.18 | ↑︎CNY 6.83 | ↓︎JPY 159.2 | ↓︎INR 92.58 |
| Fiscal / Debt | ↓︎TermPrem+72 | ↓︎BTP 94bp | ↓︎Fisc -8.5% | ↓︎JGB record | →︎Def 4.4% |
| Demographics | →︎Normalizing | →︎Tight labor | ↓︎Youth stress | ↓︎WAP -0.28% | ↕︎Dividend? |