News/Event
Volatile swings in oil prices, driven by stalled diplomatic talks between Washington and Tehran, along with continued uncertainty surrounding the U.S. naval blockade and the reopening of the Strait of Hormuz, suggest that market volatility is far from over.While markets have recently rebounded, rec…
1249 ET - Weyerhaeuser says the conflict in Iran is increasing export costs in the timber industry. Executives say the conflict has reinvigorated inflationary pressures and increased macroeconomic uncertainty. Higher fuel costs are impacting log and haul costs, fertilizer, transportation and resin…
U.S. President Donald Trump said on Friday that he ordered an increase in tariffs on European Union cars and trucks because the Europeans were not adhering to provisions of a trade deal.
Bank of Canada Governor Tiff Macklem says he welcomes efforts by the federal government in Ottawa to diversify the economy and protect it against global shocks and geopolitical risks.In a media interview, Macklem said he is “encouraged” by efforts to adjust Canada’s economy and lessen its reliance…
By Lucia MutikaniU.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the war in the Middle East disrupted shipping in the Strait of Hormuz, boosting prices for raw materials and other inputs to a four-year high.Concerns about the U.S.-Israeli war with Ira…
Weyerhaeuser says the war in Iran has gotten the housing market off to a slow start, but the company is still optimistic about a recovery in the long-term. Higher fuel costs, macroeconomic uncertainty and higher mortgage rates have resulted in a slow start to the building season, executives say. "I…
By Chelsey DulaneyKing Charles III secured a diplomatic feat during his trip to Washington in persuading President Trump to drop tariffs on Scotch whisky imports.Whisky is a relatively small export industry for the U.K., accounting for just below GBP1 billion out of a total of GBP67 billion in expo…
Stryker Corporation SYK reported first-quarter 2026 adjusted earnings per share (EPS) of $2.60, which missed the Zacks Consensus Estimate of $2.98 by 12.8%. The bottom line declined 8.5% year over year.GAAP EPS was $1.93, up 14.2% from the year-ago quarter’s level.Revenue DetailsRevenues totaled $6…
By Lauren YoungAs the labor market continues to be in flux, we’re seeing a fascinating trend: Younger workers are rethinking the traditional career playbook.While past generations often sought decades of stability with a single employer, today’s professionals are leaning into portfolio careers – ba…
To forecast where headline inflation is headed, Dallas Fed President Lorie Logan says she looks to measures that strip out extreme price changes or categories where prices are more volatile in a statement. Incoming Fed chair Kevin Warsh has also argued that the Fed should pay more attention to an a…
Corn futures on the CBOT are up 1% after the USDA announces a fresh flash sale of exports to unknown destinations. The agency says 148,240 metric tons of corn were sold, with 78,240 tons scheduled for delivery in the 2025/26 marketing year and 70,000 tons for delivery in 2026/27. Flash sales announ…
By Jeffry BartashISM shows strongest expansion since 2022 - but inflation is a big problemA surge in demand for artificial intelligence is fueling a boom in data centers across the country.American manufacturers grew in April for the fourth month in a row - the longest streak in four years - but an…
The ISM Manufacturing PMI for the US remained unchanged at 52.7 in April 2026, matching its highest level since August 2022 but falling short of market expectations for a rise to 53.0.New orders grew at a faster pace (54.1 vs. 53.5 in March), and supplier deliveries lengthened further (60.6 vs. 58…
By Jessica CoacciU.S. jobless claims fell more than expected last week as layoffs remained contained despite cooling job growth.The number of people who filed for unemployment benefits was 189,000 in the week through April 25, lower than the 215,000 reported a week earlier, the Labor Department sai…
Initial Jobless Claims sank by 26,000 from the previous week to 189,000 on the period ending April 25th, well below market expectations of 215,000, to mark the lowest since 1969.Meanwhile, continuing claims, which are seen as a proxy for outstanding unemployment in the US, fell by 23,000 to 1,785,0…
The US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter but below market expectations of 2.3%, according to a preliminary estimate.Government spending rebounded by 4.4%, recovering from a 5.6% contraction in Q4 2025, as activity resumed following the e…
By Robb M. StewartCanadian manufacturing activity recovered last month, with data pointing to increases in production and purchasing as demand was spurred by fears of increased prices.The S&P Global Canada manufacturing purchasing managers index rose to 53.3 in April after slipping back down to 50…
U.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the Middle East conflict disrupted shipping in the Strait of Hormuz, boosting prices for raw materials and other inputs to a four-year high.The Institute for Supply Management said on Friday its manufact…
By Michael S. DerbyFederal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns about inflation means the central bank should not be sending signals that the next policy move will be a rate cut.“When the FOMC gives forward guidance, it is imp…
By Robb M. StewartCanadian manufacturing activity recovered last month, with data pointing to increases in production and purchasing as demand was spurred by fears of increased prices.The S&P Global Canada manufacturing purchasing managers index rose to 53.3 in April after slipping back down to 50…
By Jeffry BartashISM shows strongest expansion since 2022 - but inflation is a big problemA vehicle passes a massive data center under construction in California. A surge in demand for artificial intelligence (AI) is fueling a boom in data centers across the country.American manufacturers grew in…
DHI Group, Inc. DHX is scheduled to report first-quarter 2026 results after market close on May 5.For the first quarter of 2026, the Zacks Consensus Estimate for DHX’s non-GAAP earnings is pegged at 4 cents per share, flat compared with the year-ago quarter’s earnings. The figure has remained uncha…
United States Baker Hughes US Oil Rig Count up to 408 from previous 407
Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning's lows around 48,500 and pressing toward the 50,000 mark for the first time.
By Scott DiSavinoU.S. natural gas futures edged up about 1% to a fresh three-week high on Friday on a drop in output over the past month and near-record liquefied natural gas exports.Front-month gas futures for June delivery NYMEX:NG1! on the New York Mercantile Exchange rose 3.7 cents, or 1.3%, to…
The US Dollar Index (DXY) fell to a two-week low near the 98.00 price zone on Friday, extending the losses seen the previous day and ending a week in which the world's most important central banks confirmed a hawkish shift due to rising inflation pressures.
OverviewOutlookResult DriversCompany press release:Key DetailsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Donald Trump, United States President, announced on Friday through Truth Social a new round of tariffs on the European Union (EU) for cars and trucks.
West Texas Intermediate (WTI) crude Oil eases on Friday, trimming part of the strong gains registered earlier this week as renewed diplomatic efforts to end the US-Iran war lift market sentiment.
Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets.
A pending Supreme Court petition could reshape IRS penalty enforcement by testing whether taxpayers have a constitutional right to a jury trial before civil penalties are imposed.IRVINE, CA / ACCESS Newswire / May 1, 2026 / A case quietly advancing toward the United States Supreme Court has the pot…
By Michael S. DerbyFederal Reserve Bank of Cleveland President Beth Hammack said Friday she dissented against the central bank holding on to an easing bias this week due to uncertainty around the economic and inflation outlooks.“Uncertainty around the economic outlook has increased in 2026 and make…
British lenders approved the most mortgages in four months in March while consumer lending grew at the fastest annual rate in over two years, according to Bank of England data which showed some resilience in the economy at the start of the Iran war.The number of mortgages approved for house purchas…
By James GlynnSYDNEY--Australian manufacturing activity returned to expansion in April, but the sector faces growing headwinds as input costs surged at their fastest pace in four years fueled by the conflict in the Middle East.The headline seasonally adjusted S&P Global Australia Manufacturing Purc…
By James GlynnSYDNEY--Australian house prices recorded their slowest growth since January 2025 in April as rising interest rates took a toll on the market.House prices rose 0.3% in April from March, according to property research group Cotality. The national result was dragged lower by Sydney and M…
By James GlynnSYDNEY--Australian house prices recorded their slowest growth since January 2025 in April as rising interest rates took a toll on the market.House prices rose 0.3% in April from March, according to property research group Cotality. The national result was dragged lower by Sydney and M…
New car registrations in France fell 0.26% in April from a year earlier to 138,339 vehicles, data from French car body PFA showed on Friday.Tesla NASDAQ:TSLA sales in the country rose 111.94% last month to 1,829 vehicles.
House prices ticked up 0.4% on the month following a 0.9% jump in March, beating expectations for a 0.3% fall. On the year, prices were 3% higher in April following a 2.2% gain the month before.The average price of a home stood at £278,880, up from £277,186.Nationwide chief economist Robert Gardner…
0638 GMT - The dollar rises on higher oil prices and demand for safe havens as the U.S. and Iran are no closer reaching a peace deal. Iran warned the U.S. on Thursday against potential military action after Axios reported that the U.S. was considering fresh strikes to break the negotiating deadlock…
NatWest LSE:NWG reported its first quarter profit rose 12% year-on-year on Friday, as the British lender grew lending income while taking a modest charge against potential losses from the economic impact of the Iran war.The bank said operating profit before tax for January-March came in at 2 billio…
By David MillikenBritish house prices unexpectedly rose for a fourth month in a row in April, despite headwinds to consumer confidence from conflict in the Middle East, mortgage lender Nationwide Building Society said on Friday.House prices rose 0.4% in April after a 0.9% increase in March, in cont…
Australia’s final demand Producer Price Index (PPI) climbed 0.4% quarter-on-quarter in Q1 2026, easing from a 0.8% increase in the previous quarter and coming in softer than market estimates of a 0.9% rise.It marked the 23rd consecutive quarter of producer inflation, though it was the softest pace…
British mortgage lenders approved 63,531 mortgages for house purchase in March, up from 62,708 in February and above the 60,000 median forecast in a Reuters poll of economists, Bank of England data showed on Friday.Net unsecured lending to consumers rose by 1.895 billion pounds ($2.58 billion), abo…
Net borrowing of consumer credit by individuals in the UK eased to £1.9 billion in March of 2026 from the upwardly revised £1.94 billion in the previous month, but overshot market forecasts of £1.8 billion.The result was also above the six-month average of £1.8 billion.Net borrowing through other f…
BOSTON, April 30, 2026 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund NYSE:HTD (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.1580…
OverviewOutlookResult DriversCompany press release:Key DetailsAnalyst CoverageFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Standard Chartered expects the European Central Bank (ECB) to deliver a 25 basis point rate hike in its June meeting, compared to its previous forecast of steady rates through 2026, following hawkish remarks from policymakers, it said in a note on Thursday.Policymakers speaking to Reuters on condi…
(21:42 GMT) *ANZ Group 1H Net A$3.65B Vs. Net A$3.64B >ANZ.AU (21:42 GMT) *ANZ Group 1H Cash Profit A$3.78B Vs. A$3.57B>ANZ.AU (21:42 GMT) *ANZ Group 1H Rev A$11.08B Vs. A$11.18B >ANZ.AU (21:42 GMT) *ANZ Group Keeps Dividend at A$0.83 >ANZ.AU (21:44 GMT) *ANZ Group 1H Credit Impairment Charge A$274…
Standard Chartered said it expects the European Central Bank to deliver a 25-basis-point rate hike in June, having previously projected no rate cuts through 2026, following hawkish remarks from policymakers.The British brokerage cautioned that its call was "not a done deal" and could change dependi…
The S&P Global manufacturing purchasing managers’ index rose to 53.7, its best level since May 2022, from 51.0 in March. It was also a touch higher than the flash estimate of 53.6.The index was above the 50.0 mark that separates contraction from expansion for the sixth month in a row.The survey als…
By Rebecca PicciottoIt has been more than a decade since a deadly water crisis gripped the city of Flint, Mich. Now, the city is nearly lead-free and is the unlikely setting for a mini-housing boom.A new class of home buyers and real-estate investors is driving up home prices in what has been a dep…
Poultry producer Inghams loses a bull in Bell Potter as headwinds strengthen. Analyst Jonathan Snape points to commentary from other Australian companies, which suggests foodservice and out-of-home channels weakened in March-April due to a more skittish consumer. This coincides with intensifying co…
By Rahul TrivediThe Reserve Bank of Australia will raise its cash rate by 25 basis points for a third straight meeting on May 5, taking it to 4.35%, according to a Reuters poll of economists, with more than a third expecting it to reach 4.60% or higher this year compared with none in a March poll.I…
Retail sales in the Netherlands rose by 2.9% year-on-year in March 2026, following an upwardly revised 1.5% gain in the previous month.This marked the strongest growth since November 2025, driven largely by higher activity in the food sector (1.8% vs 1.4% in February), particularly in supermarkets…
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OverviewOutlookResult DriversCompany press release:Key DetailsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
By Daniel Trotta, Georgina McCartney and Shariq KhanMotorists commemorating the centennial of U.S. Route 66 - a celebrated symbol of carefree road trips - were paying $6 a gallon for gasoline in California on Thursday, the highest price in two years and a brewing political flashpoint as elections l…
All dates are in ET Time. Friday, May 1, 2026 Exp Prev ET/GMT 0945/1345 Apr US Manufacturing PMI PMI, Mfg 53.9 52.3 1000/1400 Apr ISM Report On Business Manufacturing PMI…
The latest Money and Credit report showed that mortgage approvals rose to 63,500 from 62,700 in February, beating expectations for a decline to 60,000.Net borrowing of mortgage debt increased to £6.2bn in March from £5.2bn the month before, while the effective interest rate - the actual interest pa…
By Anna SzymanskiEverything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.From the EditorHello Morning Bid readers!This week promised to be one of the year’s most eventful thus far – and it lived up to the billing.Jerome Powell oversaw his final Federal Rese…
Net mortgage approvals for house purchases in the UK rose to 63,531 in March 2026, up from a revised 62,708 in February and surpassing market expectations of 60,000.This marked the highest level since November 2025, exceeding the six-month average of around 63,200, supported by declining borrowing…
By Daniel Trotta, Georgina McCartney and Shariq KhanMotorists commemorating the centennial of U.S. Route 66 - a celebrated symbol of carefree road trips - were paying $6 a gallon for gasoline in California on Thursday, the highest price in two years and a brewing political flashpoint as elections l…
European Central Bank Governing Council member Gabriel Makhlouf said he is concerned that energy prices may stay higher for longer without a clear timeline for the end of Middle East conflict and will be watching closely for knock on effects."I will be paying close attention to indirect effects, th…
All dates are in ET Time. Friday, May 1, 2026 Exp Prev ET/GMT 0930/1330 Apr Canada Manufacturing PMI
Texas-based financial institution Cullen/Frost Bankers NYSE:CFR fell short of the market’s revenue expectations in Q1 CY2026, but sales rose 5.2% year on year to $568.1 million. Its non-GAAP profit of $2.65 per share was 6.3% above analysts’ consensus estimates.Frost Bank (CFR) Q1 CY2026 Highlights…
The Bank of England could potentially raise interest rates by a quarter-point at the next meeting in June, ING strategists say in a note. High energy prices due to the Middle East conflict raise the risk of inflation, causing investors to fully price in the likelihood of two BOE interest rate hikes…
Medical device company DexCom NASDAQ:DXCM reported Q1 CY2026 results topping the market’s revenue expectations, with sales up 15% year on year to $1.19 billion. The company expects the full year’s revenue to be around $5.21 billion, close to analysts’ estimates. Its non-GAAP profit of $0.56 per sha…
Standard Chartered said it expects the European Central Bank to deliver a 25-basis-point rate hike in June, having previously projected no rate cuts through 2026, following hawkish remarks from policymakers.The British brokerage cautioned that its call was "not a done deal" and could change dependi…
The UK bank now expects income excluding notable items to be at the top end of its range of £17.2 – 17.6bn. Operating pre-tax profit for the three months to March 31 came in at £2bn compared with £1.8bn a year earlier and better than expectations of £1.94bn.Total income increased 9.5% to £4.36bn in…
Retail sales in Switzerland increased by 0.5% year-on-year in March 2026, missing market expectations of a 1% gain, following a downwardly revised 0.4% rise in the previous month.Sales at service stations jumped by 5.3%, accelerating from a 1.4% increase in February.However, sales of food, beverage…
British discretionary retail like-for-like sales slid 1.6% year-on-year in April, their weakest April performance in a decade outside the pandemic, data from accountancy and business advisory firm BDO showed on Friday.Weak consumer confidence and rising living costs continued to weigh on spending…
OverviewOutlookResult DriversCompany press release:Key DetailsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
OverviewOutlookResult DriversCompany press release:Key DetailsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
Consumer confidence in New Zealand fell further in April due to the uncertainty brought about by concern over the economic outlook, ANZ-Roy Morgan data showed on Friday.The consumer confidence index fell to 80.3 in April from 91.3 in March. A reading above 100 shows optimism, while below that indic…
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) -- Inventronics Limited (“Corporation”) IVX:TSX Venture), a designer and manufacturer of enclosures for the telecommunications, cable, electric distribution, energy, and other industries in Canada and the USA, today announced its unaudited 2026 Q1 f…
British house prices unexpectedly rose 0.4% in April, despite headwinds to consumer confidence from conflict in the Middle East, and were 3.0% higher than a year earlier, mortgage lender Nationwide Building Society said on Friday.Economists polled by Reuters had forecast a 0.3% monthly drop for Apr…
By Shivansh Tiwary and Allison LampertAir Canada TSX:AC suspended its 2026 forecast on Thursday, as higher jet fuel prices due to the war in Iran created uncertainty over costs, even as travel demand remained robust.The carrier beat first-quarter revenue estimates and reported a smaller-than-expect…
By James GlynnSYDNEY--Australian manufacturing activity returned to expansion in April, but the sector faces growing headwinds as input costs surged at their fastest pace in four years fueled by the conflict in the Middle East.The headline seasonally adjusted S&P Global Australia Manufacturing Purc…
By Elena VardonNatWest shares fell as much as 4% in Friday morning trading after a conservative revenue outlook overshadowed a first-quarter profit beat on higher interest rates and sustained customer activity.The U.K. lender reported a 12% rise in pretax profit to 2.03 billion pounds ($2.76 billio…
Net mortgage borrowing by UK individuals rose to £6.15 billion in March 2026, up from a revised £5.22 billion in February and exceeding market expectations of £4.2 billion.This marked the highest level in a year, surpassing the six-month average of £4.9 billion, as borrowing costs continued to decl…
0808 GMT - Gold prices are headed for a weekly loss of 3% as higher oil prices fuel expectations that central banks might keep interest rates higher for longer. New York futures are down 0.6% to $4,600.20 a troy ounce, with thin trading volumes across key Asian markets on Friday due to public holid…
By Balazs KoranyiThe European Central Bank may need to tighten policy, perhaps as soon as June, policymakers said on Friday, warning that the inflation outlook is deteriorating and the risk is rising that high price growth gets entrenched.The ECB left interest rates unchanged on Thursday but debate…
EUR/USD edges higher on Friday as fresh geopolitical developments surrounding the US-Iran war weigh on the US Dollar (USD) and support the Euro (EUR). At the time of writing, the pair is trading around 1.1768, hovering near its highest level in over a week.
NZD/USD trades around 0.5915 on Friday at the time of writing, up 0.10% on the day, near recent highs around the 0.5930 area.
GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high.
Australia S&P Global Manufacturing PMI up to 51.3 in April from previous 51
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, spoke at the Bank of Dallas, claiming that the Fed should not have give guidance that implies easing right now. She also added that the next rate move could be a cut or a hike.
United States ISM Manufacturing Employment Index came in at 46.4 below forecasts (49) in April
United States ISM Manufacturing Prices Paid registered at 84.6 above expectations (80) in April
United States ISM Manufacturing New Orders Index increased to 54.1 in April from previous 53.5
United States ISM Manufacturing PMI registered at 52.7, below expectations (53) in April
BNY reports that Bundesbank President Joachim Nagel has signaled a likely European Central Bank rate hike in June unless the outlook improves, reinforcing a hawkish bias.
BNY’s Bob Savage highlights that suspected FX intervention has driven a sharp Japanese Yen rebound, with the Ministry of Finance signaling readiness to act in both currency and crude oil futures. The focus is now on key USD/JPY levels around 155–158 as authorities seek to counter Yen weakness.
United States S&P Global Manufacturing PMI came in at 54.5, above expectations (54) in April
European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Friday that without a clear timeline for the end of the conflict in the Middle East, he is concerned about a "higher-for-longer" energy price scenario, per Reuters.
Citing Iranian sources, several news outlets reported on Friday that Iran has prepesented a new proposal to end the war and a response to the United States' (US) amendments through Pakistani mediators on Thursday.
Gold (XAU/USD) edges lower on Friday, heading for a second straight weekly decline as higher-for-longer interest rate expectations continue to dominate price action amid rising inflation concerns driven by elevated Oil prices.
Minneapolis Federal Reserve President Neel Kashkari explained on Friday that he dissented at the April policy meeting because the uncertainty around the Strait of Hormuz means the Fed should acknowledge the risk of rate hikes in its statement.
The United States (US) Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for April is scheduled to be published today at 14:00 GMT.
The broader cryptocurrency market shows a mild recovery on Friday, with Bitcoin (BTC) rising above $77,000, up from Wednesday’s low of $74,937. Altcoins, including Ethereum (ETH) and Ripple (XRP), align with Bitcoin’s near-term recovery but lack momentum.
The Pound (GBP) has turned positive on the daily chart against the Japanese Yen (JPY) on Friday, trading at levels a few pips above 213.00 at the time of writing, up from session lows at 211.78 earlier in the day.
Ethereum (ETH) shows signs of recovery, trading above $2,280 on Friday after finding support at a crucial level, offering some relief following 3.5% decline so far this week.
ING’s Chris Turner describes Sterling price action as confusing after the Bank of England’s latest communication. While he sees the BoE laying groundwork for a June hike, some investors interpreted the message as dovish, possibly due to oil-driven declines in GBP rates.
The Pound Sterling (GBP) ticks lower against its major currency peers, trading marginally down to near 1.3590 against the US Dollar (USD) during the European trading session on Friday.
Chris Turner at ING notes that recent European Central Bank communication had limited impact on Euro rates and the Euro, with markets still pricing a June rate hike near 90%.
ING’s Chris Turner argues Japanese authorities likely intervened to push USD/JPY back below 160, echoing the 2024 pattern of sizeable FX sales around late April and early May.
United Kingdom M4 Money Supply (YoY): 4.3% (March) vs 3.6%
United Kingdom Net Lending to Individuals (MoM) above expectations (£5.9B) in March: Actual (£8B)
United Kingdom M4 Money Supply (MoM) above forecasts (0.5%) in March: Actual (0.8%)
United Kingdom Consumer Credit registered at £1.895B above expectations (£1.8B) in March
United Kingdom Mortgage Approvals came in at 63.53K, above expectations (60K) in March
United Kingdom S&P Global Manufacturing PMI came in at 53.7, above expectations (53.6) in April
Dogecoin (DOGE) trades above $0.1000 at press time on Friday, building bullish momentum within its fourth straight day and having registered roughly 10% gains so far this week. The meme coin is gaining retail traction in the leverage market and among large wallet investors, commonly known as whales
Dow Jones futures gain 0.14%, trading near 49,900 during the European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.12%, to near 7,250. However, Nasdaq 100 futures advance 0.04% to near 27,600.
Here is what you need to know on Friday, May 1:
European Central Bank (ECB) Governing Council member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Friday that the baseline scenario already entails a more restrictive monetary policy.
The GBP/JPY pair gives up its early gains and turns negative to near 212.00 during the European trading session on Friday.
The US Dollar (USD) plunged nearly 200 pips against the Japanese Yen (JPY) in the early European session on Friday, likely due to another intervention by Japanese authorities.
European Central Bank (ECB) Governing Council member Madis Müller said on Friday that it is increasingly likely the ECB will need to raise interest rates.
The Euro (EUR) is trading moderately lower against the US Dollar (USD) on Friday, retreating to 1.1719 at the time of writing, down from highs above 1.1740 on Thursday. The pair, however, maintains most of the previous day’s gains, with market volumes thinned on the May 1 labor holiday.
The NZD/USD pair loses traction to around 0.5890 during the early European session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as escalating tensions in the Middle East and a continued blockade of the Strait of Hormuz boost a safe-haven asset.
Silver price (XAG/USD) trades flat at around $73.70 during the European trading session on Friday.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains some positive traction on Friday and reverses a part of the previous day's sharp retracement slide from a three-week high – level just above the 99.00 mark.
Australia RBA Commodity Index SDR (YoY) up to 15.7% in April from previous 12.8%
Switzerland Real Retail Sales (YoY) came in at 0.5%, below expectations (1%) in March
United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.4%, above forecasts (-0.3%) in April
United Kingdom Nationwide Housing Prices n.s.a (YoY) came in at 3%, above forecasts (2.2%) in April
The USD/CAD pair trades with caution near Thursday’s low at around 1.3580 during the late Asian trading session on Friday. The Loonie pair trades weakly as the US Dollar (USD) is broadly under pressure, following Japanese intervention in the forex markets.
Pi Network (PI) extends gains above $0.1800 at press time on Friday, reflecting early signs of recovery after two straight days of losses. Massive deposits of over 5 million Pi tokens on Centralized Exchanges (CEXs) in the last 24 hours align with the 6% decline on the previous day.
Asian stocks advance in holiday-thinned trading on Friday, following record closes on Wall Street the previous day. However, traders remain cautious amid ongoing US–Iran tensions. Trading activity stayed muted, with key markets in China, Hong Kong, and Singapore shut for the Labor Day holiday.
The EUR/GBP cross holds steady around 0.8625 during the early European session on Friday.
The AUD/USD pair holds onto Thursday’s gains near 0.7200 during the Asian trading session on Friday.
Gold prices fell in India on Friday, according to data compiled by FXStreet.
USD/CHF inches higher after posting 1.25% losses in the previous day, trading around 0.7820 during the Asian hours on Friday. The pair gains ground as the safe-haven demand supports the US Dollar (USD) against its major peers.
Gold (XAU/USD) struggles to build on the previous day's move higher and oscillates in a narrow band during the Asian session on Friday. The commodity manages to hold comfortably above the $4,600 mark, though it remains on track for a second straight weekly decline.
The GBP/JPY pair is up 0.35% at around 214.00 during the Asian trading session on Friday.
Bitcoin (BTC) and Ethereum (ETH) are showing signs of recovery on Friday after bouncing from key support levels the previous day. Meanwhile, Ripple (XRP) remains under pressure after closing below its critical support zone.
Bitcoin (BTC) trades above $76,000 at press time on Friday, holding steady amid a lukewarm broader market sentiment. Terra Classic (LUNC) and Zcash (ZEC) trade under pressure, struggling to sustain yesterday's gains.
The EUR/USD pair clings to Thursday’s gains near 1.1735 during the Asian trading session on Friday. The major currency pair reflects strength as the US Dollar (USD) holds onto the previous day’s losses, which were driven by suspected Japan’s intervention in forex markets.
GBP/USD steadies after registering nearly 1% gains in the previous day, trading around 1.3610 during the Asian hours on Friday. The pair moves little as the US Dollar (USD) gains ground on safe-haven demand amid the ongoing Middle East conflict.
Silver (XAG/USD) trades with a positive bias for the second straight day on Friday, though it struggles to capitalize on modest Asian session gains to levels just above the $75.00 psychological mark.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.15 during the Asian trading hours on Friday. The DXY posts modest gains on a hawkish hold from the US Federal Reserve (Fed).
The USD/CAD pair enters a bearish consolidation phase after touching a fresh low since March 11 during the Asian session on Friday, and currently trades around the 1.3575 region. Nevertheless, spot prices remain on track to register losses for the fourth straight week.
West Texas Intermediate (WTI) oil price inches higher after registering 2.7% losses in the previous day, trading around $102.40 per barrel during the Asian hours on Friday.
Australia Producer Price Index (QoQ) came in at 0.4%, below expectations (0.9%) in 1Q
Australia Producer Price Index (YoY) declined to 3% in 1Q from previous 3.5%
The USD/JPY pair is seen building on the previous day's late rebound from the vicinity of mid-155.00s, or over a two-month low, and gaining some positive traction during the Asian session on Friday.
NZD/USD pulls back after registering over 1.25% gains in the previous day, trading around 0.5900 during the Asian hours on Friday. The pair depreciates as the New Zealand Dollar (NZD) remains subdued following the release of weaker mid-tier economic data from the country.
Bitcoin (BTC) climbed back above $76,000 on Thursday following a rebound in risk assets as stronger-than-expected earnings from Big Tech firms boosted investor sentiment.
Japan Jibun Bank Manufacturing PMI registered at 55.1 above expectations (54.9) in April
US President Donald Trump complained about congressional efforts aimed at limiting his war powers, the latest of which the Senate rejected this afternoon. Trump was expected to hear about updated military options for Iran from Pentagon officials on Friday, CNN reported on Thursday.
Ireland AIB Manufacturing PMI up to 54.9 in April from previous 53.7
By Douglas GillisonThe U.S. Consumer Financial Protection Bureau on Thursday substantially narrowed Biden-era regulations intended to combat discrimination in lending to small businesses, reducing the number of banks that will be required banks to collect data on race and gender data from borrowers…
(20:05 GMT) *Diamondrock 1Q EPS 7c >DRH (20:05 GMT) *Diamondrock 1Q Net $14.5M >DRH (20:05 GMT) Press Release: DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER 2026 RESULTSRaises 2026 GuidanceBETHESDA, Md., April 30, 2026 /PRNewswire/ — DiamondRock Hospitality Company (NASDAQ:DRH, the "Company…
Key annual interest rates paid to borrow or lend money in U.S. and international markets. Rates below are a guide to general levels but don’t always represent actual transactions.Thursday, April 30, 2026 Inflation March index Chg From (%) level…
Japan Foreign Investment in Japan Stocks dipped from previous ¥2380.9B to ¥807.9B in April 24
The headline Tokyo Consumer Price Index (CPI) for February rose 1.5% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.
Rabobank’s RaboResearch notes the Bank of England kept rates unchanged while striking an “alert but careful” tone, with Governor Bailey describing an “active hold” that balances persistent inflation risks against softer activity and employment.