China’s recovery is showing signs of fatigue once again.

The S&P 500 continues to push into record territory, but the strength beneath the surface is becoming less convincing.

Summer is starting with markets under pressure from nearly every direction.

The US Senate has confirmed Kevin Warsh as the next Chair of the Federal Reserve, marking one of the most contentious leadership transitions in the central bank’s history. Approved by a narrow 54-45 margin, the vote represents the slimmest confirmation gap ever recorded for the position, highlighting a deep partisan divide over the future of American monetary policy.

US inflation accelerated more than expected in April 2026, reaching 3.8% year on year. This marks the highest level since mid 2023 and a significant jump from the 3.3% recorded in March. The primary catalyst remains the ongoing conflict with Iran, which has triggered a massive energy shock that continues to complicate the economic landscape for both consumers and policymakers.

Federal Reserve expectations are starting to shift into uncomfortable territory.

Global markets are bracing for a critical set of economic indicators this week as analysts scramble to determine if the recent energy shock is trickling into broader consumer prices. Headline CPI is forecast to surge by 0.6% for April, potentially marking one of the steepest monthly gains since late 2022. This anticipated spike highlights the persistent pressure that volatile fuel costs are exerting on the global economy.

The latest production data from Bloomberg’s monthly survey and Saxo Bank highlights how unevenly the Strait of Hormuz disruption is hitting Gulf producers.