Global Economy Briefing: January 6, 2026

Key Points Europe’s disinflation deepened (Germany CPI 1.8% y/y; HICP 2.0%) while services cooled but stayed in expansion. U.S. demand held up (services PMI 52.5; vehicle sales 16.0M) and oil stocks fell, easing energy risk. Asia remained the ballast: India’s PMIs stayed hot; Australia’s approvals jumped; Korea’s CPI 2.3% y/y. United States Services stayed in […]