Daily Economic Briefing

This report highlights a persistent global capex surge in 2Q26, supported by robust tech profits and broadening demand in non-tech industrial sectors. Despite geopolitical risks and mixed inflation prints, global growth momentum remains positive.

Key Takeaways

• 1.Global capital expenditure is showing robust growth, with a 9.7%ar surge tracked for 2Q26, driven by a broadening base across regions and sectors.
• 2.Inflation signals remain mixed; while energy prices have eased following the reopening of the Strait of Hormuz, underlying core inflation pressures remain resilient in several economies.
• 3.US labor market remains constructive, with low initial jobless claims indicating continued downward pressure on the unemployment rate.

Table of Contents

• Daily Economic Briefing
• Focus: Capex surge continues through 2Q with broadening support
• Quantitative Economic Dashboard (QED): Summary
• Other Disclosures

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