Canada national economic confidence index 50.9 on June 26, up from 50.4 previously.

CITIC Securities says early-May dollar strength and rising rate expectations correspond with an acceleration of global K-shaped market divergence, driven by tightening expectations that damage non-AI demand. The firm judges the K-shaped split has reached a cyclical extreme; even overseas tech is contracting internally, and pricing across equities, bonds, commodities and FX already reflects early recession-trade signals. If tightening materializes, carbon‑based demand could suffer further; if not, divergence may partially converge. Compared with volatile offshore markets, China’s A-share market shows greater resilience: some non-AI sectors have attracted early (left-side) institutional flows and a few low-valuation pockets have begun to repair, but catalysts are still required.

Bank of England collateralised lending in May was £2.889bn, vs. forecast £4.55bn; April revised to £4.439bn from £4.368bn.