Live Updates

5

May 2026
BNP Paribas economists see UK inflation sustaining BoE tightening, while growth halves by 2026 as quarterly gains fade

BNP Paribas forecasts UK growth slowing in 2026, inflation rising, tighter policy, elevated gilts, steady yen/sterling.

5

May 2026
US factory orders rose 1.5% month-on-month in March, exceeding forecasts of a 0.5% increase

US factory orders climbed 1.5% in March, beating forecasts of a 0.5% month-on-month increase.

5

May 2026
Silver begins the week lower near $73.50, falling 2.41% as dollar strength and yields rise

Silver fell near $73.50 as dollar and yields rose; Hormuz tensions and Fed tightening expectations pressured metals.

5

May 2026
TD Securities expect US labour metrics to normalise, forecasting 80k payrolls, 4.3% joblessness and modest wages

TD Securities sees 80k payroll gains, 4.3% unemployment, modest wage growth, softer services, Fed patience.

5

May 2026
Commerzbank’s Pfister sees EUR/CHF climbing soon as euro strengthens and SNB hike expectations diminish, via rhetoric

Pfister sees EUR/CHF rising as ECB hikes and SNB stays steady, then franc regains strength later.

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.

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