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China’s CPI, PPI OverviewThe National Bureau of Statistics of China (NBS) will publish its data for April at 01.30 GMT. The Consumer Price Index (CPI) is expected to show an increase of 0.8% YoY in April, compared to 1.0% in March. The Producer Price Index (PPI) is projected to show a rise of 1.5% in March versus an increase of 0.5% prior.The CPI is a key indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. Meanwhile, the PPI is a measurement of the rate of inflation…

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA).Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of Hormuz while they discuss a fuller deal, which would have to address tougher issues, such as Iran’s nuclear program.This is a developing story Source

Rabobank strategists assess how the US and Israel’s war against Iran could affect China. They note higher Oil and gas prices and global cost-push inflation, but argues China’s inflation is unlikely to force PBOC tightening. However, Rabobank cuts China’s 2026 Gross Domestic Product (GDP) forecast to 4.5%, with higher inflation and unemployment expected.War-driven shocks and China’s resilience”Oil and gas prices have shot up and have remained extremely volatile since the start of the US and Israel’s war against Iran, leading to upside inflation risks globally.””China has been well prepared for oil supply disruptions and could partially make up for the…

ING’s Chief Economist for Greater China, Lynn Song, notes that Taiwan’s April trade data showed slower export and import growth versus expectations, with the trade surplus easing to USD14.35bn. Semiconductor and machinery exports remained strong, while higher Oil prices started to lift import values. ING still expects robust trade momentum and sees upside risks to its 2026 Gross Domestic Product (GDP) growth forecast of 8.2% YoY.Exports miss forecasts but momentum holds”Taiwan’s export growth slowed to 39.0% YoY in April, down from 61.8% YoY in March, and falling well short of market forecasts on the month.””One area where Taiwan is continuing…

Standard Chartered’s Aldian Taloputra notes Indonesia’s GDP growth accelerated to 5.6% year-on-year in Q1 2026, driven by front-loaded fiscal stimulus, seasonal festival spending and limited pass-through from higher Oil prices. The bank expects growth to ease as these one-off supports fade, keeps its 2026 GDP forecast at 5.2%, and now projects a wider 2026 fiscal deficit of 2.9% of GDP.Q1 strength seen as unsustainable”Indonesia’s GDP growth accelerated to 5.6% y/y in Q1 (from 5.4% the previous quarter), the fastest pace since 2022.””Despite the strong Q1 headline print, growth remains government-driven; private-sector momentum remains modest given cautious business sentiment and subdued…

Silver (XAG/USD) price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar (USD) weakness and falling Oil prices. At the time of writing, XAG/USD trades at $80.72, after bouncing off daily lows of $78.16.XAG/USD Price Analysis: Technical outlookSilver is testing the weekly high reached on Thursday at $82.13, but so far has failed to clear it. Momentum remains bullish, as indicated by the Relative Strength Index (RSI), but they must clear key overhead resistance.On the upside, the first key resistance is $80.50. Once cleared, the next areas of interest…

Wells Fargo Economics projects Brazil’s April IPCA inflation to rise 0.9% month-over-month and around 4.5% year-over-year, near or above the target band. Energy and food pressures are intensifying, while inflation expectations have risen. The Brazilian Central Bank is still seen cutting rates cautiously in June, but a pause in the easing cycle is becoming more likely.Energy and food drive inflation risks”We expect Brazil’s April IPCA to rise a sharp 0.9% month-over-month, pushing headline inflation to around or slightly above the top of the target band at 4.5% year-over-year.””Energy remains the key near‑term upside risk, with the Middle East conflict lingering…

MUFG economists Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee outline a base case where the reopening of the Strait of Hormuz by end‑May eases pressures on Asian currencies. They see Asia growth softening near term but stabilizing in H2 2026, with inflation contained and most central banks keeping neutral‑accommodative stances. They also sketch an adverse scenario with broad Asia FX depreciation.Base and adverse scenarios for Asia FX”A base case, where the Iran war and the Hormuz disruption unwind approaching end of May, is our core case. Asia growth softens slightly in near term but stabilizes into 2H2026…

Indian investors continue to pile up their bets on Gold via Exchange Traded Funds (ETFs), contributing to the rebound in demand for the precious metal as spot prices stabilize after March’s sharp decline.India’s Gold ETFs extended their inflow streak to an eleventh consecutive month in April. Net inflows recorded $297.2 million, 68% more than the $176.6 million seen in March, according to data from the World Gold Council (WGC).Indian Gold ETFs have been registering inflows since May 2025, with a peak seen in January. Source: FXStreet using data from the World Gold Council.The interest of Indian investors in Gold ETFs…

West Texas Intermediate (WTI), the US crude Oil benchmark, falls some 2.49% on Friday, poised to end the week with losses of over 7.39%, amid growing speculation that the US and Iran will reach an agreement to end the conflict.Oil heads for weekly loss as Hormuz reopening hopes growMarket mood remains positive, even as tensions rise after the US and Iran exchanged fire overnight. In the meantime, Washington waits for Tehran’s response to the 14-point memorandum, which, according to US Secretary of State Marco Rubio, would be ready later in the day.Analysts cited by Reuters reported that the Oil trade…