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May 15, 2026
The meeting between the Chinese and U.S. presidents exuded friendly optics but failed to allay fears about the continuing shutdown of the Strait of Hormuz and rising inflationary pressures felt around the world. More military confrontations were reported today from the Middle East. The dollar wore its refuge currency crown as the 11th week of […] More
Tags: Central Reserve Bank of Peru, Japanese PPI and import prices, National Bank of Romania, U.S. industrial production
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Xi-Trump Summit Is Over But Concerns about Iran and Inflation Continue
May 14, 2026
Trump seemingly didn’t repel President Xi’s warning that the two governments would have a big problem if the U.S. interfered with Chinese policy toward Taiwan. After that, the two leaders got along well, and several business deals were announced. Trump claimed Xi’s support for the need to open up the Strait of Hormuz, but the […] More
Tags: British GDP and trade deficit, U.S. import prices and retail sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Smiles at Xi/Trump Summit in Beijing
May 13, 2026
U.S. producer prices in April leaped 1.4% on month the most in 44 months and trippling market expectations. Year-on-year PPI inflation, which had receded from 11.7% at peak in the summer of 2022 to a mere 0.3% in mid-2023 and which began this year at 3.1% in January, increased 1.7 percentage points to a 49-month […] More
Tags: Euroland GDP and industrial production, Japanese current account, U.S. producer prices
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Eye-Popping U.S. Producer Price Jump as Strait of Hormuz Stays Closed to Traffic
May 12, 2026
Ten-year sovereign debt yields have climbed further so far this Tuesday by a dozen basis points in Great Britain, nine bps in Italy, eight bps in France and Germany, seven bps in Spain, five bps in Switzerland, and four bps in the U.S., Japan and Australia. West Texas Intermediate crude oil is back above the […] More
Tags: CPI inflation in Brazil and India, German and Euroland investor sentiment, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Double Whammy of Iran War Stalemate and Evidence of Ensuing Higher Inflation
May 11, 2026
(140) Developments in the U.S./Iranian stand-off seem to be exerting lessening influence on financial markets. The U.S. president called Iran’s response to his peace proposal “totally unacceptable” and warned that ceasefire is on “life support.” The dollar, which is supposed to rise when geopolitics grow tense, gained a mere 0.1% against the euro and sterling […] More
Tags: China CPI and trade surplus
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Edges Marginally Higher, and and Equities Withstand Hawkish Language By Trump
May 8, 2026
In the Bizzaro landscape that has surrounded the Hormuz Strait impasse, the biggest clash between the U.S. and Iran in the current cease-fire followed shortly after hopeful words from President Trump that a deal to reopen that critical water passage may be reached soon. The U.S. attack on Iranian drone facilities clearly deals a blow […] More
Tags: Bank of Mexico, German industrial production, Japanese composite PMI, U.S. labor market statistics
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on U.S. Equities Withstand a Renewed U.S./Iranian Clash and Now Await April Jobs Report
May 7, 2026
The softer dollar, stock market rallies and lower long-term interest rates that have occurred this week rest heavily on the premise that political leaders in the United States and Iran now have strong incentives to strike a deal after absorbing considerable pain from their ten-week-old war, rising energy costs and voter disapproval of President Trump […] More
Tags: Bank Negara Malaysia, Euroland retail sales, National Bank of Moldova, National Bank of Serbia, Norges Bank, Swedish Riksbank
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Investors Hopeful about A Path to an Enduring Deal Between the United States and Iran
May 6, 2026
President Trump paused the confrontational program of militarily escorting ships through the Strait of Hormuz in opposition to the Iranian-imposed blockade. He claimed progress toward a peace deal from revised details that Iran reportedly offered. The U.S. blockade will continue until a deal is finalized. Once trade is again going through the Strait without military […] More
Tags: April 2026 composite purchasing manager surveys, Central Bank of Azerbaijan, Euroland PPI, National Bank of Georgia, National Bank of Poland
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on A Buoyed Appetite for Risk in World Financial Markets
May 5, 2026
Monday saw an escalations of Middle East hostilities, with U.S. forces claiming to have successfully escorted a few ships out of the Strait of Hormuz and Iran attacking facilities in the U.A.E. and promising retaliation for the U.S. actions. Tuesday’s big question is whether the ceasefire first imposed on April 8th will continue to hold. […] More
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Financial Markets Attempt Rebound from War-Related Monday Difficulties
May 4, 2026
(141) World oil prices spiked anew at the start of this tenth week since the Middle Eastern war began following reports that Iran shot at a U.S. military boats trying to escort a tanker through the Strait of Hormuz. As 08:00 EDT approached, West Texas Intermediate crude is being quoted at $05.55 per barrel, 3.6% […] More
Tags: manufacturing PMIs in April 2026, Turkish CPI and PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Factory Sector Purchasing Manager Surveys Upstaged By Fresh Tensions in the Strait of Hormuz
