Live Updates

7

May 2026
Dollar rebounds against yen as intervention fears linger, with oil risks and rate gaps in focus

USD/JPY rebounded after suspected Japanese intervention, while dollar softened on US-Iran deal hopes; oil risks buoyed yen.

7

May 2026
South Korea Inflation Hits 21-Month High, Fuel Caps Mute Pressure as BoK Turns More Hawkish

South Korea April inflation hit 2.6%, highest in 21 months; food fell, energy surged; rates may rise.

7

May 2026
Goolsbee flags Fed debate on productivity’s inflation impact as markets brace for volatility spike

Chicago Fed’s Goolsbee says the Fed debates productivity effects on inflation, as expectations-driven spending could raise prices.

7

May 2026
Trump’s China Visit Seen Extending Tariff Truce, Keeping Markets Range-Bound

Trump’s China visit aims to steady ties, extend tariff truce, and pursue limited, practical trade concessions.

7

May 2026
WTI slides as US-Iran talks ease Hormuz supply fears despite supportive US stock drawdown

WTI slid to $92.30 as US-Iran diplomatic progress eased supply fears; Trump paused Strait operation.

7

May 2026
Wall Street rallies on US-Iran deal hopes as oil slides and chip stocks surge

US stocks surged on US-Iran deal hopes; oil fell; semiconductors rallied; AMD soared; yields stayed supported.

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