Fed Watch: The Fed’s June forecast keeps inflation sticky (Core PCE 3.3%, headline PCE 3.6%), with most officials leaning toward rate hikes by year-end—raising the odds of tighter financial conditions. Credit Quality in Focus: Australia’s Judo Bank lifted its cost-of-risk outlook to $116m–$122m for 2025–26 and cut full-year pre-tax profit guidance, signaling stress shifting from funding to SME borrowers. M&A in Healthcare: H.B. Fuller moved toward buying UK wound-care maker Advanced Medical Solutions in a cash deal valuing AMS at about $628m, despite investor pushback. Semiconductors & AI Demand: Micron’s upbeat results and guidance helped lift Asian chip stocks, while Micron also acknowledged China memory rivals gaining share—keeping the AI supply-chain race front and center. China AI Chips: TrendForce says Huawei and Cambricon could take nearly 80% of China’s AI server market in 2026, squeezing foreign suppliers. Oil & Metals: Gold steadied near $4,000 as a stronger dollar and higher-rate expectations weighed; oil price weakness continues to pressure risk assets. Auto Demand Shift: Philippines vehicle sales fell 12% in early 2026, but EVs surged—xEV share rose to 14.6% as hybrids led. Housing Pressure: Sydney and Melbourne prestige suburbs saw sharp declines (about 7–10% in three months), tied to rate hikes and tax anxiety. Market Forecasts (Thematic): Growth calls keep clustering around healthcare tech (U.S. healthcare IT to $344.1b by 2030), specialty materials (tempered glass to $93.6b by 2030), and fintech rails (virtual cards to $2.4t by 2032).