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May 15, 2026
U.S. April Industrial Production - Led by a bounce in autos, but underlying trend positive
May 15, 2026 1:30 PM UTC
Following an upbeat Empire Sate manufacturing survey for May, April industrial production gives further evidence that the manufacturing sector is in good health, rising by a stronger than expected 0.7% overall with a 0.6% increase in manufacturing, though half of the latter came from autos.
U.S. May Empire State Manufacturing Survey - Strength in both activity and prices
May 15, 2026 12:45 PM UTC
May’s Empire State manufacturing index at 19.6, up from 11.0 in April, is the highest since April 2022, giving further evidence that the manufacturing sector is holding up well despite the Middle east conflict.
Middle East Conflict: U.S. Helping Chinese Whispers?
May 15, 2026 11:26 AM UTC
In hosting President Trump this week, China feels it is vying, if not achieving, parity with the U.S. as the world’s superpowers; from China’s perspective, it regards Russia similarly. It does seem as if China’s goal at this summit was to get more effective flexibility in shaping Taiwan’
USD flows: Feeling the stretch (DXY, AUD, EUR, GBP)
May 15, 2026 9:47 AM UTC
A clash of themes coming to a head as over-accelerating AI, risk and commodity complex trades run into ongoing Iran standoff and the mini dollar squeeze
The likes of AUD, semiconductors, Kospi, metals, have been overrunning m/t trends, not to maximum excess, but to degrees that are vulnerable to a lo