UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns.

Sweden Manufacturing PMI rose from previous 56.3 to 57.2 in April

Danske Research Team reports that equities ended last week higher, led by tech and growth, even as Iran-related risks and higher Oil prices weighed on sentiment. They note a return of negative correlation between equities and bonds, with yields rising alongside stocks.

The Unified Command of the Iranian armed forces warned on Monday the US Navy not to approach or enter the Strait of Hormuz. It further stated that it will 'respond harshly’ to any threat at any level and in any part of Iran. 

Russia S&P Global Manufacturing PMI: 48.1 (April) vs previous 48.3

India HSBC Manufacturing PMI came in at 54.7, below expectations (55.9) in April

Netherlands, The Nevi Manufacturing PMI climbed from previous 52 to 54.4 in April

Indonesia Trade Balance increased to $3.32B in March from previous $1.28B

Indonesia Imports fell from previous 10.85% to 1.51% in March

Indonesia Exports declined to -3.1% in March from previous 1.01%

Indonesia Core Inflation (YoY) declined to 2.44% in April from previous 2.52%

Indonesia Inflation (MoM) fell from previous 0.41% to 0.13% in April

Reserve Bank of New Zealand (RBNZ) board member Prasanna Gai said on Monday that pre-emptive tightening requires strong synchronization and an active coordination mechanism.

Australia ANZ Job Advertisements climbed from previous -3.1% to -0.8% in April

Australia Building Permits (YoY): 9% (March) vs previous 14%

Australia Building Permits (MoM) came in at -10.5%, below expectations (-9.9%) in March

Australia TD-MI Inflation Gauge (YoY) unchanged at 4.3% in April

Australia TD-MI Inflation Gauge (MoM) fell from previous 1.3% to 0.6% in April

South Korea S&P Global Manufacturing PMI: 53.6 (April) vs 52.6

US President Donald Trump said the United States (US) will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz beginning Monday, Bloomberg reported on Sunday.

Singapore Manufacturing PMI climbed from previous 50.5 to 50.7 in April

Japan CFTC JPY NC Net Positions down to ¥-102.1K from previous ¥-94.5K

United States CFTC Gold NC Net Positions dipped from previous $164K to $159.6K

United Kingdom CFTC GBP NC Net Positions declined to £-60.6K from previous £-52K

United States CFTC Oil NC Net Positions dipped from previous 192.3K to 191.9K

United States CFTC S&P 500 NC Net Positions climbed from previous $-110.1K to $-101.4K

Australia CFTC AUD NC Net Positions increased to $71.9K from previous $64.8K

Eurozone CFTC EUR NC Net Positions down to €35.7K from previous €41.3K

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.

Australia S&P Global Manufacturing PMI up to 51.3 in April from previous 51