Live Updates

5

May 2026
Bessent told Fox News the US controls and is reopening the Strait of Hormuz, Reuters reports

Bessent claims US has absolute control of Strait of Hormuz, urges pressure on Iran, expects gas prices fall.

5

May 2026
BNY’s Bob Savage notes RBNZ’s Prasanna Gai rejects automatic rate rises after Strait of Hormuz shocks

RBNZ’s Gai says Hormuz supply shock doesn’t warrant automatic hikes; favors look-through approach; neutral rate up.

5

May 2026
BNP Paribas forecasts above-trend 2026 US growth, 2.4% GDP, 3.3% inflation, Fed rates steady at 3.5%-3.75%

BNP Paribas sees stronger 2026 US growth, inflation above target, steady Fed rates, and gradual dollar weakening.

5

May 2026
Brazil’s S&P Global Manufacturing PMI climbed to 52.6 in April, up from 49 previously

Brazil’s S&P Global Manufacturing PMI rose to 52.6 in April from 49, signaling renewed expansion.

5

May 2026
TD Securities’ Both and Lawrence predict the Bank of Canada holds 2.25% until 2026, rising to 2.75% in 2027

TD Securities expects BoC hold at 2.25% through 2026; two hikes lift neutral rate to 2.75% early-2027.

5

May 2026
Societe Generale says April confidence slumped, dimming eurozone outlook, with low indices, tightening credit, and demand subdued

Euro area confidence slid to multi-year lows; weak demand persists despite slight GDP growth and mixed outlook.

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