Daily Market Insight

• US–Iran headlines swing between diplomacy and escalation • US releases continue to signal economic resilience • China exports and imports accelerate, driven by AI demand • Indonesia delivers off-cycle rate hike to shore up currency • Dollar softens on lower oil, trims losses on geopolitical tensions

• Ceasefire hopes rise as US pushes Israel-Iran de-escalation • NY Fed survey shows cooling inflation fears, weakening confidence • German factory orders fell more than expected in April • South Korea Q1 GDP grows stronger than advance estimate • Dollar mixed as ceasefire hopes counter ongoing geopolitical risks

• Iran strikes Israel, warns against further escalation • US NFP beat expectations, reinforcing higher-for-longer Fed outlook • Eurozone GDP revised into contraction; Japan growth downgraded • Thailand’s inflation unexpectedly eases, remains in target range • Dollar strengthens after payrolls surprise to the upside

• Geopolitical developments remain in the spotlight • US economic data takes a back seat • Japan real wages extend gains for fourth month • Dollar trades rangebound ahead of US NFP data

• Geopolitical risks remain unresolved • US proposes broad tariffs of at least 10% over forced-labor imports • US data signals resilient growth • Eurozone inflation surpasses 3% for first time since 2023 • Dollar advances amid geopolitical risks and resilient US data

• Middle East headlines fuel market volatility • US ISM PMI expands at faster pace in May • EU member inflation jumps, boosting case for ECB hike • China PMI slips in May as economic momentum softens • Dollar gains on geopolitical tensions and stronger ISM data

• Risk sentiment improves on US–Iran ceasefire optimism • US economic data shows softer April PCE and lower Q1 US GDP revision • ECB minutes highlight growing support for potential rate hike • Tokyo core inflation slows to 1.3%, remains below BOJ target • Dollar weakens on soft US data and Iran ceasefire optimism

• US–Iran negotiation optimism holds despite Trump pushback • UK energy price cap rises 13% as Iran War drives up costs • China’s K-shaped extends to industrial profits as AI booms • BoK holds rates steady with policy outlook uncertain • Thailand eyes $5 billion from notes and loans • Dollar trades flat despite geopolitical headlines

• US-Iran talks progress amid lingering geopolitical risks • Consumer confidence edges down but exceeds expectations • BOJ deputy chief underlines proper policy as key for bond yields • Dollar firmer as geopolitical risks drive volatility across majors

• Trump says Iran talks ‘proceeding nicely’ as deal nears • Japan to launch JPY 3 trillion stimulus, boost energy subsidies and expand clean power targets • Singapore Q1 GDP growth revised up to 6% • Thailand exports beat expectations, but record trade deficit widens on surging imports • FX market mutes overnight amid holiday-thinned liquidity