US & Global Macro (Bloomberg / Reuters / FT)
- US growth remains resilient but slowing marginally
- No recession pricing—but no acceleration either
- Liquidity conditions remain tight but stable
➡️ الأسواق في حالة macro equilibrium—not expansion
China (Global Press Consensus)
- Incremental stimulus continues
- Property sector still weak
- Foreign flows cautious
➡️ China = stabilization phase only
Japan (Critical FX Focus)
- Yen weakness dominating headlines
- Rising expectations of intervention from Bank of Japan
➡️ Japan = FX-driven volatility risk