PBOC is expected to set the USD/CNY reference rate at 6.8753 – Reuters estimate

Hope is up. So is AUD, equites (ES +0.4% , NQ +0.6%) Globex trade now open for the week. Hopes are up for a deal. Globex is open and oil is down (-3%) on this.

AI's reshaping jobs! CEOs see layoffs, but new roles offer $40/hr. Gen Z eyes complex tasks.

MU's $1000 target faces short-seller bets. Chip rally cools, but Micron's path to $1500 is on track.

Very large crude carrier cleared the Gulf of Oman into the Arabian Sea with around 2 million barrels of Iraqi crude bound for China. Most tankers remain stranded in the Persian Gulf following Iran's effective closure of the Strait of Hormuz.

Economic and event calendar in Asia today, Monday, May 25, 2026, is empty. It's a Hong Kong holiday here in the time zone today

A senior US official says an Iran deal is around 95% complete but will not be signed for several days, with Iran receiving no sanctions relief until its nuclear stockpile is handed over.

The outline of a deal exists, but the weekend confirmed that the gap between principle and signature is still wide. Hormuz naval blockade stays in place, as both sides remain split on nuclear disposal, sanctions relief and frozen Iranian funds.