Indian HSBC Services PMI Final (Apr) 58.8 (Prev. 57.5)

The final April Services PMI for India came in at 58.8, up from a previous 57.5, indicating stronger growth in the services sector.

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China has ordered its oil refineries that purchase crude from Tehran not to comply with or enforce US sanctions on Iranian oil, CNN reports

Newsquawk Daily European Opening News - 6th May 2026

Indian HSBC Services PMI Final (Apr) 58.8 (Prev. 57.5)

Iranian Foreign Minister Araghchi told his Chinese counterpart that Iran will only accept a fair and comprehensive agreement

[MARKET UPDATE] USD/JPY dips below 156.00 amid intervention speculation; JPY strength spurring broader DXY weakness and lifting EUR and GBP to session highs

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This suggests improving economic momentum, which could influence expectations for future monetary policy, potentially signaling a more favorable outlook for growth and inflation dynamics in the region.

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