Nothing to glean from the latest week's net result
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SNB sight deposits w-e 10 April CHF 377.96bln vs 377.4bln
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Iran oil shock has put Fed rate cuts off the table and hikes back on, Pimco says
- PBOC is expected to set the USD/CNY reference rate at 6.7988 – Reuters estimate
- UK and France convene 40-nation defence meet on Hormuz as Iran issues war warning
- Two tankers slip through Hormuz dark as Gulf oil crisis grinds on. Yeah, two. Yippee.
- Economic and event calendar in Asia Monday, May 11, 2026 - China inflation data
- Japanese markets are about to get more active and respond to the US-Iran war of words
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Pimco's CIO warned the Financial Times (gated) that the Iran war's energy shock could make Fed rate cuts counter-productive and may even necessitate hikes, with Franklin Templeton echoing the concern.
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PBOC is expected to set the USD/CNY reference rate at 6.7988 – Reuters estimate
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The UK and France will co-chair a 40-nation defence ministers' meeting Tuesday on plans to restore Hormuz shipping, hours after Iran warned any foreign warships would face a decisive response.
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$7B in oil futures traded pre-announcement, with prices dropping 15%. Insider trading suspected.
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