HSBC now taking a May rate hike by the BOE off the table. It's to be expected after UBS made the same call as well here last week.
At this stage, it would raise more eyebrows if any one is expecting the BOE to move and raise rates in its 10 May meeting.
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Iran's envoy to China said Tehran will grant Beijing and other friendly nations special treatment on new Hormuz service fees, as talks with the US and Oman continue over the strait's permanent post-war arrangements.
A cargo ship came under attack by unknown armed assailants 30 nautical miles southwest of Hodeida, Yemen, on Sunday, UKMTO said, crew and vessel reported safe, the latest incident on a key Red Sea shipping route amid a fragile US-Iran ceasefire.
OPEC+ agreed to raise output by 188,000 bpd from August, a fifth straight increase, as Hormuz shipping traffic recovers and Brent falls near $72, back to pre-war levels, while Iraq presses the group for higher quotas after the UAE's exit.
RBNZ set to hike rates 25bps to 2.50% on July 8, first increase in over three years, as inflation at 3.1% stays above target despite oil prices retreating near pre-war levels; more than half of economists see a further hike to 2.75% by September.
SK Hynix eyes Nasdaq debut, seeking AI investor capital. Fee rate at 0.5% signals potential returns.
Monday open FX. Indicative rates 06 July 2026 As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.
Retail sales surge with up to 65% off on electronics & home goods. Deals still hot!
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