China Consumer Price Index (MoM) above expectations (-0.1%) in April: Actual (0.3%)

China Consumer Price Index (YoY) above expectations (0.8%) in April: Actual (1.2%)

China Producer Price Index (YoY) came in at 2.8%, above expectations (1.5%) in April

Previous Week’s Market Review & AnalysisTradingKey - The US macroeconomic landscape during the week of May 4-10, 2026, was characterized by elevated inflation concerns and ongoing geopolitical tension

The 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.

China Exports (YoY) CNY climbed from previous -0.7% to 9.8% in April

China Trade Balance USD registered at $84.82B above expectations ($83.3B) in April

China Exports (YoY) came in at 14.1%, above expectations (7.9%) in April

China Imports (YoY) above expectations (15.2%) in April: Actual (25.3%)

China Trade Balance CNY increased to 585.69B in April from previous 354.75B

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA).

Colombia Consumer Price Index (MoM) came in at 0.78%, above expectations (0.73%) in April

Colombia Consumer Price Index (YoY) came in at 5.68%, above expectations (5.63%) in April

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.

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.

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.

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.

United Kingdom CFTC GBP NC Net Positions down to £-63.9K from previous £-60.6K

United States CFTC Gold NC Net Positions climbed from previous $159.6K to $163.3K

United States CFTC S&P 500 NC Net Positions fell from previous $-101.4K to $-103.9K

United States CFTC Oil NC Net Positions dipped from previous 191.9K to 178.8K

Australia CFTC AUD NC Net Positions: $78.7K vs $71.9K

Eurozone CFTC EUR NC Net Positions dipped from previous €35.7K to €32.2K

Japan CFTC JPY NC Net Positions increased to ¥-61.7K from previous ¥-102.1K

Commerzbank’s Thu Lan Nguyen argues that any relief from a potential reopening of the Strait of Hormuz for Aluminium will likely be short‑lived.

ING’s Peter Virovacz notes that Hungary’s inflation accelerated in April but remained a positive surprise versus expectations, with headline Consumer Price Index (CPI) at 2.1% year-on-year and 0.4% month-on-month.

DBS Group Research economist Radhika Rao assesses how a projected below normal monsoon in India, linked to a strong El Niño, could affect growth and inflation.

Wells Fargo Economics expects April U.S. CPI to firm, with headline inflation rising toward 3.8% year-over-year and core near 2.9%.

Nomura’s analysts see the Iran war keeping UK inflation above target until mid-2027 and weakening the 2026 growth outlook beyond Q1. UK GDP growth slowed to 0.1% q-o-q in both Q3 and Q4 2025.

In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that the job market is "pretty stable."