- CPI expected to show 4.2% annual rate, highest since April 2023
- Core prices projected to post 2.9% annual reading
- Energy costs driving inflation, but core prices also rising
June 9, 2026
▲ 1▼ 8◆ 2– 13
Macro/Economy 5
- Foreign portfolio investors sold $29.5B in Indian equities YTD, after $18.9B in 2024, citing weaker consumption and higher energy costs
- RBI raised inflation forecast to 5.1% for FY2026-27 and cut growth outlook to 6.6% from 6.9%
- Net FDI near all-time low as repatriation outpaces inflows, while rupee weakens amid rising crude imports (>85% of needs)
- Vehicle outbound trips rose 15% YoY to 1.87 million in the first four months of 2026.
- Retail turnover grew 23% YoY Jan‑Mar 2026, while supermarket sales fell 5.2% YoY.
- Government injected 400 million patacas (~$50 m) in a consumption campaign ending June 18.
- SME credit limits rose 22% to 9.5 billion patacas in 2025; restaurants received 6.8% of new loans.
- Macau’s restaurant count slipped to 4,930 at end‑2024, a decline of 49 outlets year‑on‑year.
- May corporate goods price index data published
- Index tracks price changes for goods sold by corporations
- May figures may influence inflation expectations and policy outlook
- April average contract interest rate on loans released by the statistical agency
- Average discount rate on loans for April disclosed in the same report
- Figures provide insight into credit market conditions for the month
Central Banks 5
- Results from Fed's annual bank stress test to be released on June 24
- 32 large banks subject to stress test with severe global recession scenario
- Stress test results will not impact large bank capital requirements
- RBA cash rate has risen by a total of 75 basis points in 2026 to curb inflation
- Headline inflation is projected to peak above 4.5% in the June quarter
- Underlying inflation is expected to stay above the 2‑3% target range until mid‑2027
- GDP growth is forecast to slow and unemployment to rise modestly, though still below pre‑pandemic levels
- Cash usage in Germany fell from 74% in 2017 to 51% in 2023.
- EU plans a digital euro pilot in the second half of 2027, with possible rollout by 2029 pending legislation.
- The digital euro will be non‑interest‑bearing, have holding limits, and support offline payments for resilience.
- Around two‑thirds of euro‑area card payments are processed by non‑EU schemes, driving a push for strategic autonomy.
- Barr cautions that loosening bank regulations could raise systemic risk despite short‑term economic boost
- He cites past crises – Great Depression, 1980s S&L collapse, 2008 financial crisis – as evidence of long‑term costs
- Balancing growth and safety is essential; excessive risk‑taking by banks may threaten households and businesses
- Regulatory weakening is already underway, prompting concerns over future financial stability
- The Riksbank keeps a high threshold before launching asset purchase programmes.
- Recent global inflation spikes forced policy rates down to near‑zero levels.
- Achieving the 2% inflation target has been difficult, prompting reliance on unconventional tools.
- Central banks increasingly use non‑standard measures after rates fell to very low levels.
Energy/Oil 3
- U.S. crude oil futures declined 3.4% to $88.20 per barrel
- Brent futures lost 2.97% to settle at $91.45
- Ship traffic through the Strait of Hormuz is 'rising very meaningfully'
- Governments announce plans to increase strategic petroleum reserves.
- Larger emergency crude stockpiles aim to reduce vulnerability to supply shocks.
- Higher reserve levels are expected to keep WTI and Brent prices elevated.
- The move may tighten global oil supply, supporting price outlooks.
- Iraq plans to triple Kurdistan‑Turkey pipeline shipments from 220,000 bpd to 770,000 bpd
- UAE’s West‑East pipeline to Fujairah aims to double ADNOC export capacity and start by 2027
- Hormuz‑transit oil fell to 10 million barrels in April, down from 93 million barrels pre‑war
- Combined alternative pipeline capacity in the region is 3.5‑5.5 mb/d, far below the ~20 mb/d previously moving through Hormuz
- Saudi East‑West pipeline attacks and Fujairah drone strikes highlight security risks to alternative routes
Geopolitics 8
- Taiwan's Indigenous peoples, including the Sakizaya, fear being targeted by China in a potential conflict
- The Sakizaya were nearly wiped out by the Qing dynasty in 1878, and their leader was executed in a brutal manner
- Taiwan's Indigenous peoples have not fully healed from their colonial past and demand greater autonomy and recognition
- China and North Korea agree to strengthen bilateral relations with socialist principles
- Xi Jinping and Kim Jong Un reaffirm support for each other's core interests, including 'one-China' principle
- China de facto recognizes North Korea as a nuclear-armed state, potentially allowing future nuclear tests
- India invited to G7 summit as guest for over 12 summits since 2003 despite strategic autonomy stance
- G7 seeks India’s 1.46B population, 7.7% growth, and Global South access to offset declining share of global GDP
- India’s Indo-Pacific role and independent agency make it valuable despite policy divergences with Western powers
- Ballot shortages affected 50 of 14,288 polling stations in June 3 local elections, with 22 stations unable to complete voting
- Conservative PPP demands investigation, special counsel, and resignation of all NEC commissioners over alleged irregularities
- Polling shows 20% of Koreans believe 2024 general election was rigged, rising to 40% among young conservatives
- Mongolia may diversify trade routes via North Korea’s Rajin port, reducing reliance on China’s Tianjin port
- Power of Siberia 2 gas pipeline project stalled due to geopolitical instability and China’s hesitation
- Mongolia positioned as neutral diplomatic actor amid Russia-China-North Korea cooperation in Northeast Asia
- Tumen River development project aims to enhance regional connectivity via rail and Arctic routes
- Kazakhstan declined $1B Board of Peace membership fee, contributing $7B collectively with 8 other nations
- U.S.-Kazakh trade and rare earth mineral joint ventures discussed during Tokayev-Trump envoy meeting
- Kazakhstan joined Abraham Accords, invited to G20 as guest amid warming U.S. relations
- Gen Z protest movement 'Cockroach Janta Party' (CJP) emerged after Chief Justice's 'cockroach' remark, gaining 22M+ Instagram followers
- CJP organized first major rally in Delhi on June 6 against education exam leaks and unemployment, drawing thousands
- Indian government blocked CJP's social media handles and website, citing 'national security threat', escalating youth outrage
- Prince Abdul Mateen, Sultan Hassanal Bolkiah’s son, appointed foreign minister in cabinet reshuffle
- Three coordinating ministers created to improve policy integration under Wawasan Brunei 2035 plan
- Four female ministers appointed, highest representation since independence
Companies 2
- VinFast delivered 197,000 EVs in 2025, 89% sold in Vietnam and 11% internationally; 26% of sales to related parties
- Cumulative losses hit $14.5B with negative equity of $3.6B; cash on hand only $293M
- Plans to sell two Vietnamese factories to shift $7B debt off books, but foreign market penetration remains weak
- Kalshi will require users to disclose their employer affiliations for specific prediction market contracts.
- The policy is designed to curb potential insider trading and enhance market integrity.
- The rule is slated for rollout later this year, pending regulatory approval.
Other 1
- At least 32 people confirmed dead and 134 injured after a 7.8 magnitude quake struck Mindanao.
- Epicenter was about 20 km off Sarangani province; tremors felt up to 420 km away in Manado, Indonesia.
- Around 6,200 schools closed and a large building collapsed in General Santos; airport operations were briefly suspended.
- More than 200 aftershocks recorded, the strongest at magnitude 6.7; tsunami warnings issued for nine provinces and lifted after six hours.
No stories match “”.