Dollar strengthened broadly today as rising oil prices and firmer-than-expected US inflation data continued pushing markets toward a more hawkish Federal Reserve outlook. However, the overall move remained relatively measured as broader risk sentiment stayed resilient, with investors still reluctant to fully embrace defensive positioning ahead of the Trump-Xi summit later this week. Oil prices […]
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Despite Pectra Upgrade, ETF Inflows and Institutional Demand Ethereum Recovery Fizzles Out Ether has strengthened by around 15% since the end of March as investors responded to improving institutional flows, renewed optimism surrounding Ethereum’s long-term utility and the successful rollout of the network’s major Pectra upgrade. The world’s second-largest cryptocurrency has risen in line with the broader digital asset market over
Switzerland’s producer and import prices increased more-than-expected in April, the Federal Statistical Office reported Tuesday.The producer and import price index posted a monthly increase of 0.8 percent in April, following a 0.2 percent increase in March. Prices were expected to rise the same by 0.2 percent.The upward trend in April was mainly driven by higher
Of the 10 Optimism Index components, seven increased and three decreased. Earnings trends improved, but were offset by a deterioration in expected business conditions. Bill Dunkelberg, Chief Economist at NFIB said: “Inflationary pressures continue to be a challenge for Main Street. While small business optimism is currently fragile, the benefits of the Working Families Tax
Macro update AI rally pauses: Asian equities weakened as the chip-led rally lost momentum, with South Korea’s KOSPI falling around 3.5% after nearing the 8,000 level, while MSCI’s Asia ex-Japan index slipped 0.6%. Middle East ceasefire falters: President Trump said the US-Iran ceasefire was “on life support”, with Tehran and Washington still far apart on a
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Markets entered a temporary holding pattern on today as traders largely refrained from making aggressive geopolitical bets ahead of both US inflation data and Thursday’s Trump-Xi summit. Despite hostile rhetoric surrounding the Iran ceasefire, broader market reactions remained restrained, with investors appearing reluctant to commit strongly in either direction until clearer signals emerge later this
Key takeaways Nikkei 225 continued its strong rally to a fresh record high of 63,788, driven largely by technology-related heavyweights such as SoftBank Group and Murata Manufacturing. Despite the broader medium-term bullish trend remaining intact, technical indicators now suggest a near-term corrective pullback risk below the 64,145 resistance level, supported by a developing bearish “Head
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At a glance: Oil and the USD held firm as US-Iran pessimism deepened; Trump said the ceasefire is “on life support” on Monday, with CNN reporting he is now more seriously considering a return to major combat operations, frustrated by the Hormuz closure and stalled nuclear talks The Bank of Japan held rates at its
European national competent authorities (NCAs) must wield their supervisory powers – and the sooner the better – to assure a smooth transition to next-day (T+1) settlement, says Giovanni Sabatini, head of the European Union’s T+1 Industry Committee, the task force charged with co-ordinating the move. Along with the UK and Switzerland, the EU will shift
Australian business confidence edged up to -24 in April from -29 in March but remained deeply negative, as surging energy costs squeezed margins and conditions fell to their lowest since 2020, NAB data showed. Summary: NAB’s business confidence index improved marginally to -24 in April from -29 in March, remaining deeply negative after March’s second-largest
Key takeaways Global equity markets, led by Nasdaq 100, S&P 500, Nikkei 225, and KOSPI, climbed to fresh record highs as AI-driven optimism continued to overpower geopolitical concerns surrounding the fragile US-Iran ceasefire. Rising oil prices, stronger inflation expectations, and hawkish Federal Reserve rhetoric reinforced the “higher-for-longer” interest rate narrative, pushing US Treasury yields higher
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UK consumer spending fell 0.1% in April, the first annual decline since late 2024, as Iran war fears drove households toward savings and away from big-ticket and travel spending, Barclays and BRC data showed. Summary: Barclays credit and debit card spending fell 0.1% year-on-year in April, reversing a 0.9% gain in March, the first decline
HSBC raised its year-end 2026 S&P 500 target to 7,650 from 7,500, lifting EPS growth forecasts by 8% on stronger Q1 results, while warning the rally remains dangerously narrow. Summary: HSBC Global Investment Research raised its year-end 2026 S&P 500 target to 7,650 from 7,500 on 11 May The revision was accompanied by an 8%
