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4

May 2026
WTI crude approaches $100 as Trump promises to safeguard Hormuz shipping, lifting prices by around $3

WTI nears $100 as Trump pledges naval help; Iran keeps Hormuz shut, despite OPEC+ output hike.

4

May 2026
Germany’s HCOB Manufacturing PMI reached 51.4 in April, slightly exceeding forecasts of 51.2

Germany’s April HCOB Manufacturing PMI rose to 51.4, slightly beating forecasts of 51.2.

4

May 2026
Turkey’s April monthly Consumer Price Index rose 4.18%, exceeding forecasts of 3.28% by economists

Turkey’s consumer price index rose 4.18% month-on-month in April, exceeding the 3.28% forecast by 0.90 points.

4

May 2026
MUFG’s Wan says Japan likely intervened, spending ¥5–6 trillion, pushing USD/JPY from 160 towards 157

USD/JPY slid below 157 on suspected Japan intervention; ¥5–6tn spent; outlook hinges on Fed, BoJ hikes.

4

May 2026
Ahead of Europe’s open, USD/JPY recovers near 156.80 after an abrupt fall to 155.70 on possible yen intervention

Dollar rebounds versus yen after sudden, triggerless dip; intervention speculation grows as markets eye Middle East and US data.

4

May 2026
UOB strategists say Brent suffered its steepest monthly fall since December 2025, despite Hormuz worries lifting prices above $126/bbl

Brent crude logged its biggest monthly drop since December 2025, despite Hormuz fears boosting prices briefly.

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