S&P 5005,432.10 +0.82%|NASDAQ17,891.5 +1.14%|DOW39,240.3 -0.21%|GOLD$2,341 +0.55%|BTC$67,820 +2.31%|GBP/USD1.2734 -0.12%|OIL WTI$82.45 +0.38%|EUR/USD1.0821 +0.09%|10Y TREASURY4.32% +2bps|VIX14.82 -3.1%|S&P 5005,432.10 +0.82%|NASDAQ17,891.5 +1.14%|DOW39,240.3 -0.21%|GOLD$2,341 +0.55%|BTC$67,820 +2.31%|GBP/USD1.2734 -0.12%|OIL WTI$82.45 +0.38%|EUR/USD1.0821 +0.09%|10Y TREASURY4.32% +2bps|VIX14.82 -3.1%|
HomeMacro

Macro Watch

Global growth trends, policy divergence, and the forces behind the numbers.

Global PMI Contraction Points to Slowdown as ECB Signals Hawkish Hold: Macro Watch
macro

Global PMI Contraction Points to Slowdown as ECB Signals Hawkish Hold: Macro Watch

Manufacturing activity across the G7 contracted for the second consecutive month in May, exposing a widening growth divergence between the Fed and ECB. The European Central Bank's unexpected pivot toward extended tightening is forcing a revaluation of euro-denominated assets that pension trustees and institutional allocators can no longer ignore.

7 min read·16h ago