[MARKET UPDATE] Mostly positive start to Asia-Pac trade following US President Trump's announcement to hold off on striking Iran, which was initially planned for Tuesday, after a request from Saudi Arabia, UAE and Qatar
The markets are reacting positively to President Trump's decision to defer military action against Iran, influenced by requests from key Middle Eastern allies.
Australian Westpac Consumer Confidence Index (May) 83 (Prev. 80.1)
PBoC is expected to set USD/CNY mid-point at 6.7909 (prev. 6.8435)
[MARKET UPDATE] Mostly positive start to Asia-Pac trade following US President Trump's announcement to hold off on striking Iran, which was initially planned for Tuesday, after a request from Saudi Arabia, UAE and Qatar
Google (GOOGL) and Blackstone (BX) are to launch a new AI cloud venture, with Blackstone to invest USD 5bln in venture that will use Google's chips, according to sources cited by WSJ
Japanese GDP Growth Annualized Prel (Q1) 2.1% vs. Exp. 1.7% (Prev. 1.3%, Low. 0.4%, High. 2.9%)
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This development suggests a temporary easing of geopolitical tensions, which could stabilize oil prices and support risk assets, particularly equities. Traders should watch for further implications on energy prices and forex movements, especially in USD and commodity-linked currencies.
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