Standard Chartered Bank economists Anubhuti Sahay and Saurav Anand now expect the Reserve Bank of India’s repo rate to rise by 50bps to 5.75% in FY27, starting in June.
OCBC’s Christopher Wong says USD/IDR should find near‑term support after Bank Indonesia’s larger‑than‑expected 50bp hike to 5.25%, aimed at stabilising FX sentiment.
BNY’s Geoff Yu argues that Hungarian asset positioning is stretched after elections, with markets now watching the central bank of Hungary Magyar Nemzeti Bank's (MNB) upcoming decision.
Commerzbank’s Dr. Vincent Stamer argues that weak Euro area PMI data and rising input costs leave the ECB in a policy dilemma.
HSBC’s Willem Sels highlights that global equities remain supported by robust earnings growth, led by US Technology and Communications, with AI-driven capex and productivity gains at the core.
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 209K for the week ending May 16.
TD Securities analysts note Australia’s April jobs report disappointed, with a 18.6k employment drop and unemployment jumping to 4.5% despite lower participation. They argue this earlier-than-expected rise in unemployment makes a June Reserve Bank of Australia (RBA) pause almost certain.
Rabobank's Senior FX Strategist Jane Foley highlights that weak French and German PMI data have undermined Eurozone growth expectations and led markets to question how much the European Central Bank (ECB) can still tighten.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.28% to near 0.7130 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces selling pressure due to risk-off market sentiment and soft Australian employment data for April.
TD Securities analysts highlight that April Federal Open Market Committee (FOMC) minutes showed growing support to drop the easing bias, with many participants and several regional presidents favoring a more neutral stance.
According to Reuters, Iran's Supreme Leader has ordered that near-weapons-grade uranium must stay in Iran. The agency also reported that sources familiar believe Supreme Leader's directive reflects consensus among the Iranian establishment.
The Euro’s (EUR) frail recovery attempt against the British Pound (GBP) has been capped below 0.8660, as the pair retreats on Thursday, testing one and a half week lows below 0.8642 at the time of writing.