News
IEA chief warns that commercial oil inventories are depleting rapidly
1+ hour, 43+ min ago (362+ words) This continues his warning from last month, in saying that Europe could run out of jet fuel in about six weeks. So, we're starting to push towards the edge of the situation caused by the Middle East conflict now. Even…...
Iran's For Min Spokesperson says process of talks through Pakistani mediation is ongoing
3+ hour, 32+ min ago (185+ words) This stalemate is now starting to weigh on global financial markets. We saw a sharp surge in US Treasury yields on Friday, well past their previous March highs. Market participants price in persistent inflation risks, with risks of the Fed…...
Japan government likely to issue fresh debt to fund extra budget - report
3+ hour, 41+ min ago (506+ words) This just means that the fiscal worries will continue to mount, adding to the already damaging reputation for the yen currency amid the Takaichi trade from before. The report says that the Japanese government is likely to issue fresh debt…...
FX option expiries for 18 May 10am New York cut
6+ hour, 4+ min ago (420+ words) There are quite a few expiries to take note of on the day, as highlighted in bold below. The first two are for EUR/USD at the 1. 1600 and 1. 1650 levels. The expiries don't tie to any technical significance but may still…...
What are the main events for today?
5+ hour, 8+ min ago (249+ words) In the European session, as it's usually the case for Mondays, we don't have anything on the agenda. Markets will likely stay rangebound or extend the risk-off moves that started on Friday. The focus remains on the US-Iran stalemate as…...
Surging bond yields are a major pain point for equities at the moment
5+ hour, 16+ min ago (623+ words) The risk mood is looking rather dour as we look to get into European trading later. The US-Iran conflict continues to drag on, with no real progress over the weekend. And that is making for a very dicey start to…...
China April data misses badly, Iran war and weak demand weigh. Retail sales growth plunge.
8+ hour, 57+ min ago (186+ words) China's April retail sales rose just 0. 2%, the weakest since 2022, while industrial output grew only 4. 1%, badly missing forecasts, as the Iran war and sluggish domestic demand weighed. China's economy lost significant momentum in April, with industrial output and retail sales both…...
Japan's 10-year bond yield hits 1996 high as fresh debt plans emerge. Extra budget coming
9+ hour, 51+ min ago (293+ words) Japan's 10-year bond yield hit its highest since 1996 at 4. 2% after a government source confirmed fresh debt issuance is planned to fund a supplementary budget to offset Iran war energy costs. Japan is set to fund a supplementary budget with fresh…...
PBOC is expected to set the USD/CNY reference rate at 6. 8086 " Reuters estimate
10+ hour, 55+ min ago (387+ words) The People's Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a…...
Iran war economic toll deepens as global oil stocks near exhaustion
9+ hour, 46+ min ago (513+ words) Global oil stocks are nearing exhaustion as Iran war disruption persists, with refined product reserves draining fastest and prices at risk of a convulsive spike, analysts warn. Multiple analysts argue Iran's negotiating posture, its Strait of Hormuz threats and the…...