Monthly Archives: May 2026
Bessent told Fox News the US controls and is reopening the Strait of Hormuz, Reuters reports
Written on May 4, 2026 at 7:26 pm, by josephine
Bessent claims US has absolute control of Strait of Hormuz, urges pressure on Iran, expects gas prices fall.
BNY’s Bob Savage notes RBNZ’s Prasanna Gai rejects automatic rate rises after Strait of Hormuz shocks
Written on May 4, 2026 at 7:23 pm, by josephine
RBNZ’s Gai says Hormuz supply shock doesn’t warrant automatic hikes; favors look-through approach; neutral rate up.
BNP Paribas forecasts above-trend 2026 US growth, 2.4% GDP, 3.3% inflation, Fed rates steady at 3.5%-3.75%
Written on May 4, 2026 at 6:25 pm, by josephine
BNP Paribas sees stronger 2026 US growth, inflation above target, steady Fed rates, and gradual dollar weakening.
Brazil’s S&P Global Manufacturing PMI climbed to 52.6 in April, up from 49 previously
Written on May 4, 2026 at 6:23 pm, by josephine
Brazil’s S&P Global Manufacturing PMI rose to 52.6 in April from 49, signaling renewed expansion.
TD Securities’ Both and Lawrence predict the Bank of Canada holds 2.25% until 2026, rising to 2.75% in 2027
Written on May 4, 2026 at 5:56 pm, by josephine
TD Securities expects BoC hold at 2.25% through 2026; two hikes lift neutral rate to 2.75% early-2027.
Societe Generale says April confidence slumped, dimming eurozone outlook, with low indices, tightening credit, and demand subdued
Written on May 4, 2026 at 5:53 pm, by josephine
Euro area confidence slid to multi-year lows; weak demand persists despite slight GDP growth and mixed outlook.
In April, South Africa’s total new vehicle sales fell to 47,979 from the prior 58,060 figure
Written on May 4, 2026 at 5:26 pm, by josephine
South Africa’s total new vehicle sales dropped to 47,979 in April, down from 58,060 previously.
Commerzbank’s Volkmar Baur says traders expect another RBA hike as inflation stays elevated, rhetoric hawkish
Written on May 4, 2026 at 5:23 pm, by josephine
RBA meets tomorrow; forecasts favour another 25bp hike as inflation stays high and expectations rise.
An Iranian official said Iran warned a US warship in Hormuz; damage status remained uncertain, Reuters reported
Written on May 4, 2026 at 4:55 pm, by josephine
Iran fired warning shot at US warship near Strait of Hormuz; dollar firmed on tensions.
Heightened US-Iran tensions dampen sentiment as Sterling retraces gains, pushing GBP/USD below 1.3550 from 1.3650 highs
Written on May 4, 2026 at 4:53 pm, by josephine
GBP retreats below 1.3550 as Middle East tensions boost safe-haven USD; Iran report lifts oil, risk aversion.
