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Swiss SVME PMI April 47.9 vs 47.0 exp
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- 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
- US futures trade has opened for the new week, oil is higher and equites a bit lower
- Futures aren't open yet, but early FX is pointing to risk off gap
- Iran state media says Iran wants sovereignty over the Strait of Hormuz
- China's April exports surge 14.1% as Iran war fear drives global stockpiling rush
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Two VLCCs carrying a combined 4 million barrels of Gulf crude exited the Strait of Hormuz last week with transponders switched off to avoid Iranian attack, Kpler data showed. Yeah, you read that right. Two.
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