Live Updates

5

May 2026
Standard Chartered expects strong exports to boost April industry, despite softer services; oil raises PPI, energy CPI

China’s April PMI signals weakening domestic demand, housing softness; exports and AI-driven output support modest growth.

5

May 2026
WTI oil jumps over 3% as Iran hits UAE, stoking Hormuz disruption fears and retaliatory expectations

WTI jumped 3% above $102 as Middle East tensions flared, Fujairah attacked, Hormuz shipping risks rose.

5

May 2026
Dutch manufacturing expands as firms stockpile amid Middle East disruptions, lifting Nevi PMI to 2022-highs

Dutch manufacturing output rises as firms stockpile amid Middle East disruptions; demand strengthens, but outlook cautious.

5

May 2026
TD Securities expects Canada’s March trade gap to shrink to CAD 1.5bn, boosted by exports, WTI, autos

TD Securities expects Canada’s March trade deficit to narrow, as exports rise with higher energy prices.

5

May 2026
US equities sank as Persian Gulf tensions revived, pushing the Dow down 1,000 points from highs

US stocks dropped as UAE interception reports stoked ceasefire fears; oil jumped, while investors awaited key US data.

5

May 2026
BNP Paribas expects eurozone growth to ease by 2026, while inflation rises into 2027, aiding ECB tightening

Eurozone growth slows in 2026 amid Middle East spillovers; inflation rises, ECB expected to hike rates twice.

5

May 2026
GBP/USD declines as Hormuz tensions bolster the US dollar, with Iran warning the US Navy away

GBP/USD slid as Middle East tensions boosted safe-haven dollar demand, despite later rebound on yen-intervention speculation.

5

May 2026
Katayama stated Japan stands ready, under a US bilateral accord, to counter speculative foreign-exchange movements decisively

Japan warns of decisive FX action as USD/JPY tests 157.50; yen-buying interventions, oil risks persist.

5

May 2026
Gold starts the week near one-month lows; Middle East tensions and hawkish US outlook bolster the dollar

Gold slid near one-month lows as US-Iran tensions and high yields pressured prices; support eyed near $4,400.

5

May 2026
EUR/GBP ticks up amid heightened Middle East volatility, as UK political uncertainty weighs slightly on sterling

EUR/GBP rose as Middle East tensions and UK political uncertainty lifted volatility; oil-driven rate expectations supported sterling.

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