Markets

28 May 2026
US April personal spending rises 0.5%, bolstering Fed hold outlook and keeping markets range-bound

April US personal spending rose 0.5%, meeting forecasts, supporting steady demand, keeping Fed on hold, volatility subdued.

28 May 2026
US core PCE eases to 3.6% as Fed rate-cut odds slip and volatility risks build

PCE inflation matched forecasts; May core dipped slightly, Fed stays cautious, volatility opportunities emerge amid inverted yield curve.

28 May 2026
TD Securities brings forward July RBNZ rate hike call, still expects four 25bp moves

TD Securities now expects the RBNZ to hike in July, projecting four 25bp moves, capped near 3.50%.

28 May 2026
USD/JPY nears 160 as yield spreads widen, with Japan intervention risk back in focus

USD/JPY nears 160 as yield gaps widen; intervention risk rises; options hedge costs fall; BOJ hike priced.

28 May 2026
Italy business confidence rises to 87.9 in May, topping forecasts and backing tactical risk-on trades

Italy business confidence beat forecasts in May, boosting FTSE MIB, euro optimism, while risks remain.

28 May 2026
Australia Capital Spending Beats Forecasts, Bolstering RBA Higher-for-Longer Rate Outlook

Australia capex beats forecasts: +0.5% quarterly, +6.5% yearly, boosting AUD, equities; rates likely higher longer.

28 May 2026
WTI rebounds towards $89 as US-Iran tensions and inventory draws lift risk premium

WTI rebounded near $89 as US-Iran tensions and inventory draws boosted risk premium, supporting bullish prices.

28 May 2026
API crude draw narrows to 2.8m barrels, tempering WTI momentum ahead of OPEC+ meeting

API reports US crude stock draw slowed to 2.8 million barrels, signaling easing tightness, capping prices ahead.

28 May 2026
Fed’s Cook backs steady rates, flags inflation upside risks and AI-led labour market uncertainty

Fed’s Cook urges steady rates; inflation risks persist; hikes possible, cuts if jobs weaken; volatility trades favored.

28 May 2026
Brent slides to $93 as Iran deal rumour sways oil despite White House denial

Crude slid on Iran MOU rumor despite White House denial, as tight inventories and Hormuz risks persist.

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