Forex

PBOC governor Pan Gongsheng said China's previous pace of credit growth is difficult and unnecessary to sustain, while authorising six banks for offshore FX in Shanghai and flagging new short-rate tools.

China's vice premier pledged to issue CNY 300 billion in special bonds to recapitalise financial institutions and vigorously advance local government debt resolution, alongside plans to open the financial sector further.

Goldman Sachs held its TTF gas forecasts near unchanged at 41/30 EUR/MWh for 2H26/2027, pushed LNG normalisation to end-July, and warned prices could exceed 100 EUR/MWh this winter if Hormuz stays blocked.

Brent crude dips below $80 as US may allow Iran oil sales. Deal details emerge, impacting energy markets.

China's financial regulator pledged to prevent systemic risks, resolve real estate and local government debt exposures, and crack down on illegal activity and disorderly competition in the financial sector.

Singapore's non-oil domestic exports surged 38.4% in May (expected +31.1%. prior +24.5%) the largest annual rise in 20 years, driven by AI-related electronics demand, though a proposed US 12.5% tariff threatens a third of direct US shipments.

Japan April core machinery orders surge, exports beat also