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EnglishپارسیEnglishپارسیImportance Level: Medium
Brazil’s industrial production weakened in May 2026, signaling softer factory momentum. Industrial Production rose only 0.2% YoY, below the 1.3% forecast and sharply lower than the previous 2.7% reading.
On a monthly basis, Industrial Production fell 0.2% MoM, missing the 0.3% forecast and down from the previous 0.7% increase.
The data points to weaker industrial activity and may raise concerns about Brazil’s manufacturing and production outlook.
Market Sentiment: BRL — Neutral to Sell; Brazilian Equities — Neutral to Sell
The signal is mildly negative for the Brazilian real and equities because both annual and monthly industrial production missed expectations.
Possible Market Effect:
Weak industrial data may pressure Brazilian industrial stocks and reduce confidence in near-term growth momentum. If the slowdown continues, investors may become more cautious toward cyclical sectors.
Q: What was Brazil’s annual Industrial Production in May 2026?
A: Brazil’s Industrial Production rose 0.2% YoY, below the 1.3% forecast and the previous 2.7%.
Q: What was Brazil’s monthly Industrial Production in May 2026?
A: Brazil’s Industrial Production fell 0.2% MoM, missing the 0.3% forecast and down from the previous 0.7% increase.
Source: Brazilian Institute of Geography and Statistics, IBGE.
Importance Level: Low
Thailand’s external reserve data weakened slightly. Foreign Reserves fell to $279.3B, down from $282.6B previously. Currency Swaps declined to $22.7B, compared with $22.8B previously.
The data suggests a mild reduction in external buffers, though reserve levels remain substantial.
Market Sentiment: THB — Neutral
The signal for the Thai baht is Neutral, as the decline was limited and reserves remain large.
Possible Market Effect:
Slightly lower reserves may have limited market impact unless combined with stronger dollar pressure or regional capital outflows.
Q: What were Thailand’s Foreign Reserves?
A: Thailand’s Foreign Reserves fell to $279.3B, down from $282.6B previously.
Q: What happened to Thailand’s Currency Swaps?
A: Currency Swaps declined to $22.7B, compared with $22.8B previously.
Source: Bank of Thailand.
Importance Level: Medium
South Africa’s manufacturing sector returned to expansion in June, with the S&P Global Manufacturing PMI rising to 50.5, up from 49.6 previously.
The move above 50.0 signals renewed factory-sector growth after the previous contraction.
Market Sentiment: ZAR — Neutral to Buy
The data is mildly supportive for the South African rand because manufacturing activity moved back into expansion.
Possible Market Effect:
A stronger PMI may support South African industrial sentiment and reduce concerns about near-term manufacturing weakness.
Q: What was South Africa’s Manufacturing PMI in June?
A: South Africa’s S&P Global Manufacturing PMI rose to 50.5, up from 49.6 previously.
Q: Why is South Africa’s June PMI positive?
A: It is positive because the index moved above 50.0, signaling renewed expansion.
Source: S&P Global.
Importance Level: High
Turkey’s inflation data showed a modest cooling in June. CPI rose 0.99% MoM, matching the 0.99% forecast and slowing from the previous 1.71% increase.
Annual inflation eased to 32.11% YoY, broadly in line with the 32.10% forecast and below the previous 32.61% reading.
Core price pressure also moderated. CPI excluding energy, food, beverages, tobacco and gold rose 1.5% MoM, down from 2.9% previously, while the annual measure eased to 29.8% YoY, compared with 30.4% previously.
Producer inflation also cooled. PPI rose 1.80% MoM, down from 2.75%, while PPI eased to 28.09% YoY, compared with 28.93% previously.
Market Sentiment: TRY — Neutral to Buy
The inflation data is mildly supportive for the lira because headline, core, and producer inflation all eased. However, inflation remains very high, keeping policy pressure elevated.
Possible Market Effect:
Cooling inflation may support local bonds and improve confidence in disinflation, but the lira may need continued tight policy and stronger external balances to sustain gains.
Q: What was Turkey’s monthly CPI in June?
A: Turkey’s CPI rose 0.99% MoM, matching the forecast and slowing from 1.71% previously.
Q: What was Turkey’s annual CPI in June?
A: Turkey’s CPI eased to 32.11% YoY, down from 32.61%.
Q: What happened to Turkey’s PPI in June?
A: PPI slowed to 1.80% MoM and 28.09% YoY.
Source: Turkish Statistical Institute.
Importance Level: Medium
Turkey’s external trade data showed a wider deficit in June. Exports rose to $24.94B, up from $22.50B previously, but the Trade Ministry Trade Balance widened to -$10.38B, compared with -$5.60B previously.
The data suggests export growth was not enough to offset import pressure, leaving Turkey with a larger trade gap.
Market Sentiment: TRY — Sell
The signal is negative for the Turkish lira because the trade deficit widened sharply despite stronger exports.
Possible Market Effect:
A wider trade deficit may pressure sentiment toward the TRY, especially if energy imports, weak reserves, or external financing concerns remain in focus.
Q: What were Turkey’s exports in June?
A: Turkey’s exports rose to $24.94B, up from $22.50B previously.
Q: What was Turkey’s trade balance in June?
A: Turkey’s trade balance widened to -$10.38B, compared with -$5.60B previously.
Source: Republic of Türkiye Ministry of Trade.
Importance Level: Medium
The UAE’s private-sector activity slowed in June 2026, with the S&P Global Composite PMI falling to 50.8, down from 52.6 previously.
Although the index remained above the 50.0 expansion threshold, the decline points to weaker momentum in the non-oil private sector.
Market Sentiment: AED — Neutral; UAE Equities — Neutral
The signal is Neutral because activity remained in expansion, but the slowdown from the previous month limits the positive impact.
Possible Market Effect:
A slower PMI may moderate sentiment toward UAE non-oil sectors. However, remaining above 50.0 suggests the economy is still expanding rather than contracting.
Q: What was the UAE Composite PMI in June 2026?
A: The S&P Global Composite PMI fell to 50.8, down from 52.6 previously.
Q: Why is the UAE June 2026 PMI mixed?
A: It is mixed because the index stayed above 50.0, but growth momentum slowed sharply from the previous reading.
Source: S&P Global.
Importance Level: Medium
Vietnam’s trade deficit narrowed in June 2026, with the Trade Balance improving to -$2.64B, compared with the previous -$5.21B.
The smaller deficit suggests an improvement in external trade conditions, although the balance remained negative.
Market Sentiment: VND — Neutral to Buy
The signal is mildly positive for the Vietnamese dong because the trade deficit narrowed sharply from the previous reading.
Possible Market Effect:
A narrower trade deficit may support external confidence and reduce pressure on the currency. However, investors may still watch whether export momentum can improve enough to move the balance back into surplus.
Q: What was Vietnam’s Trade Balance in June 2026?
A: Vietnam’s Trade Balance improved to -$2.64B, compared with -$5.21B previously.
Q: Why is Vietnam’s June 2026 trade data positive?
A: It is positive because the trade deficit narrowed significantly, reducing external-pressure concerns.
Source: General Statistics Office of Vietnam.
Importance Level: Medium
Vietnam’s inflation softened in June 2026, with CPI falling 0.39% MoM, compared with a previous 0.29% increase.
Annual inflation also cooled. Vietnamese CPI rose 4.69% YoY, down from 5.60% previously.
The data suggests price pressure eased meaningfully, giving policymakers more room to support growth if needed.
Market Sentiment: VND — Neutral
The signal for the Vietnamese dong is Neutral. Lower inflation is supportive for macro stability, but softer price pressure may also reduce the need for tighter policy.
Possible Market Effect:
Cooling inflation may support local bonds and improve real-income conditions for consumers. It may also reduce pressure on policymakers to tighten financial conditions.
Q: What was Vietnam’s monthly CPI in June 2026?
A: Vietnam’s CPI fell 0.39% MoM, compared with a previous 0.29% increase.
Q: What was Vietnam’s annual CPI in June 2026?
A: Vietnam’s CPI rose 4.69% YoY, down from 5.60% previously.
Source: General Statistics Office of Vietnam.
Importance Level: Medium
Vietnam’s economy strengthened in June 2026, with GDP growth accelerating to 8.39% YoY, up from 7.94% previously.
Other activity indicators also improved. Industrial Production rose 12.7% YoY, above the previous 8.8%, while Retail Sales increased 14.8% YoY, up from 11.8%. Foreign investment also strengthened, with FDI rising to $13.03B, compared with $9.75B previously.
The data points to broad-based economic momentum across industry, consumption, and investment.
Market Sentiment: VND — Neutral to Buy; Vietnam Equities — Buy
The data is positive for Vietnamese assets because growth, industrial production, retail sales, and FDI all improved.
Possible Market Effect:
Stronger growth and investment inflows may support Vietnamese equities, industrial stocks, and consumer-related sectors. The VND may also receive support if stronger FDI improves external confidence.
Q: What was Vietnam’s GDP growth in June 2026?
A: Vietnam’s GDP grew 8.39% YoY, up from 7.94% previously.
Q: What did Vietnam’s industrial production show in June 2026?
A: Industrial Production rose 12.7% YoY, stronger than the previous 8.8%.
Q: How strong was Vietnam’s FDI in June 2026?
A: Vietnam’s Foreign Direct Investment rose to $13.03B, up from $9.75B previously.
Source: General Statistics Office of Vietnam; Ministry of Planning and Investment.
Importance Level: Medium
South Korea’s foreign exchange reserves increased in June 2026, with FX Reserves rising to $427.36B, up from $426.99B previously.
The increase suggests a slightly stronger external liquidity buffer, which can help support confidence in the Korean won during periods of global market volatility.
Market Sentiment: KRW — Neutral to Buy
The data is mildly positive for the Korean won because reserves increased, though the gain was limited.
Possible Market Effect:
Higher FX reserves may support confidence in South Korea’s external position and reduce pressure on the won if global dollar strength or risk aversion returns.
Q: What were South Korea’s FX Reserves in June 2026?
A: South Korea’s FX Reserves rose to $427.36B, up from $426.99B previously.
Q: Why are South Korea’s FX reserves important for the Korean won?
A: They matter because higher reserves strengthen the country’s external liquidity buffer and can help stabilize the KRW during market stress.
Source: Bank of Korea.
Importance Level: Medium
Singapore’s manufacturing activity strengthened in June 2026, with the S&P Global Manufacturing PMI rising to 51.3, up from 51.0 previously.
The reading stayed above the 50.0 expansion line, showing that factory activity continued to grow at a slightly faster pace.
Market Sentiment: SGD — Neutral to Buy
The data is mildly positive for the Singapore dollar because manufacturing momentum improved.
Possible Market Effect:
A stronger PMI may support sentiment toward Singapore’s manufacturing, electronics, and export-linked sectors, especially if regional demand remains stable.
Q: What was Singapore’s Manufacturing PMI in June 2026?
A: Singapore’s S&P Global Manufacturing PMI rose to 51.3, up from 51.0 previously.
Q: Why is Singapore’s June 2026 PMI important?
A: It is important because the index remained above 50.0, signaling continued manufacturing expansion.
Source: S&P Global.
Importance Level: Medium
Turkey’s reserve position weakened, with Gross FX Reserves falling to $54.25B, down from $59.51B previously. Net FX Reserves also declined to 45.39, compared with 52.01 previously.
The decline points to weaker reserve buffers and may increase market attention on Turkey’s external liquidity position, currency stability, and central bank reserve-management strategy.
Market Sentiment: TRY — Neutral to Sell
The signal is negative for the Turkish lira because both gross and net reserve indicators declined.
Possible Market Effect:
Lower reserves may pressure confidence in the TRY, especially if external financing concerns or currency volatility increase. Investors may watch whether the Central Bank of the Republic of Türkiye rebuilds reserves in the coming weeks.
Q: What were Turkey’s latest Gross FX Reserves?
A: Turkey’s Gross FX Reserves fell to $54.25B, down from $59.51B previously.
Q: What happened to Turkey’s Net FX Reserves?
A: Turkey’s Net FX Reserves declined to 45.39, compared with 52.01 previously.
Source: Central Bank of the Republic of Türkiye.