 Macro Digest: What's Happening in the Global Economy US industry holds at highs (PMI 52.7), but the market expected more. Nasdaq and S&P 500 — new records, Apple gained 3.4% after its report. Key things to watch: Oil — WTI fell to ~$101 on hopes for a US-Iran ceasefire. But Brent hit intraday peaks of $126 due to the blockade of the Strait of Hormuz. UAE left OPEC — the largest exit in the cartel's history. AI race — Microsoft, Alphabet, Meta, and Amazon have allocated $725 billion in capital expenditures for 2026. This is not just a trend — it's a restructuring of the entire tech industry. Companies that don't invest in AI now risk disappearing in 3-5 years. Markets — UK mortgages are rising (63.5k approvals, max since the start of the year), Canada showed the strongest PMI growth since 2022. The yen stabilized after Tokyo's intervention. How these trends affect AI startups and the economy as a whole — we'll break it down in upcoming posts. https://asibiont.com/