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.
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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