Morning Intelligence Briefing

The Fed, ECB, and Bank of Japan are all leaning hawkish at once as a war-driven energy shock hits every major economy together, even as China's exports rebound, Europe's growth stalls, and a fragile Hormuz reopening drives a 30% quarterly oil price drop.

As H1 2026 closes, a single theme dominates the global business landscape: AI is no longer being judged on its promise — it is being judged on its performance. Markets, regulators, and capital allocators are all asking the same question at once.