UK Economy & Construction: Britain’s construction PMI slid to 38.2 in May, the weakest since 2020, as Iran-war uncertainty and inflation hit new orders, with residential housebuilding falling hardest and costs rising fastest since 2022. India Clean Energy vs Grid Rules: India’s tougher grid-penalty regime from April 2027 worries investors—estimates point to revenue hits of ~11% for solar and up to 48% for wind—raising the risk that renewables slow just as the country targets 500 GW non-fossil capacity by 2030. Real Estate (UAE): Abu Dhabi is positioning for another leg of property demand into 2026, backed by long-term economic plans, infrastructure investment, and connectivity. Housing (New Zealand): NZ home building sank to a 10-year low; residential construction fell 5% to NZ$17.6b through March as high rates and global uncertainty cooled demand. Markets & Rates (Australia/FX): Commonwealth Bank shares fell 0.63% as investors price delayed RBA cuts; meanwhile the dollar index slipped below 97, a potential tailwind for non-dollar assets. Energy & Costs (US): GasBuddy forecasts summer pump prices near $4.80/gal, with Strait of Hormuz disruption a key risk. Tech Earnings Shock: Broadcom shares tumbled after an AI-chip revenue forecast miss, underscoring how sensitive AI capex expectations remain. AI/Capital Markets: SpaceX confirmed an IPO plan targeting about $1.77T valuation. Global Growth Watch: OECD cut 2026 growth forecasts, warning recession risk if the Iran war drags on. Commodities (Silver): Silver holds up around $32.50/oz as industrial demand from solar, electronics, and EVs offsets macro uncertainty.