Eamonn Sheridan

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Central Banks
cny cnh yuan 13 August 2025 2
Central Banks

PBOC sets USD/ CNY reference rate for today at 6.8467 (vs. estimate at 6.7988)

  • PBOC CNY reference rate setting for the trading session ahead. Strongest for CNY since March 24, 2023.
Stock market update
private credit 24 March 2026
Stock market update

WSJ: Rising defaults and redemption pressure push Apollo to weigh $3bn credit fund sale

  • Apollo's private credit flagship is nursing rising losses, a deep share discount and an exit that isn't straightforward.
Central Banks
oil prices jump
Central Banks

Iran oil shock has put Fed rate cuts off the table and hikes back on, Pimco says

  • The Iran war has turned a rate-cut story into a potential rate-hike story, and Wall Street's bond giants are saying so out loud.
Central Banks
usdcny PBOC CNY reference rate setting for the trading session ahead. 11 May 2026
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.7988 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Commodities
oil update gap 11 May 2026
Commodities

UK and France convene 40-nation defence meet on Hormuz as Iran issues war warning

  • Western powers are assembling a coalition and the hardware to reopen Hormuz but Iran has made clear it will not stand aside.
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