Live Updates

22

May 2026
UK targets cost-of-living relief as PMI contracts, raising stagflation fears for sterling and gilts

UK unveils targeted cost-of-living aid as PMI contracts; job losses mount, confidence sinks, raising recession risks.

22

May 2026
US manufacturing PMI beats forecasts, cooling rate-cut bets and boosting dollar, commodities outlook

US S&P Global Manufacturing PMI rose to 55.3 in May, beating forecasts, signaling continued manufacturing expansion.

22

May 2026
US Services PMI undershoots forecasts, fuelling rate-cut bets and equity volatility hedging demand

U.S. S&P Global Services PMI for May fell to 50.9, slightly above expansion threshold, missing 51 forecast.

22

May 2026
S&P Global US Composite PMI at 51.7 in May points to steady expansion, delayed rate cuts

S&P Global US Composite PMI rose to 51.7 in May, signaling overall business activity expanded above 50.

22

May 2026
Sterling slips versus yen after PMI shock as oil rallies and intervention risks resurface

Pound slips versus Yen as PMI data weaken; GBP/JPY near 213.40, markets await UK sales, Japan CPI.

22

May 2026
Oil slides as US-Iran deal hopes overshadow tightening inventories and record export-driven drawdowns

Oil prices slipped as Iran deal hopes rose, despite record US inventory draws and strong exports.

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