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The US and Iran have agreed to a two-week ceasefire. It is expected that the US and Israel will halt military operations in exchange for Iran reopening the Strait of Hormuz. Following the news, New York oil futures for May delivery plunged more than 16% to USD94.47 per barrel, while Brent oil futures for June delivery fell more ...
Data released by the China Federation of Logistics and Purchasing showed that Chinas Commodity Price Index (CBPI) rose to 129.9 in March, up 4% MoM and increasing 14.5% YoY. The rise was mainly driven by a steady rebound in post-holiday corporate production and improved release of market demand, with both supply and demand show...
Data released by the China Foreign Exchange Trade System (CFETS) showed that last Friday (3rd), the RMB Exchange Rate Index fell 0.03 week-on-week to 100.84. The RMB Exchange Rate Index against the BIS currency basket declined 0.08 week-on-week to 108.09. The RMB Exchange Rate Index against the SDR currency basket rose 0.11 week...
Data jointly released by RatingDog and S&P Global showed that the RatingDog Services PMI fell to 52.1 in March from Februarys 33-month high of 56.7, below market expectations of 53.6. Although the pace of expansion slowed, it remained in line with the average since early 2024. The Composite Output Index registered 51.5 in March...
With the deadline for Iran to reopen the Strait of Hormuz approaching, European equities resumed trading after a four-day Easter holiday and declined on Tuesday. The pan-European Stoxx 600 index fell 1%.Universal Music Group surged 11.4% after Pershing Square proposed a USD64 billion takeover offer.The UK FTSE 100 index closed d...
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