Germany HCOB Manufacturing PMI registered at 51.4 above expectations (51.2) in April

May 4, 2026

USD: Downward correction extends as policy diverges – DBS

DBS Group Research economist Philip Wee expects the Dollar’s April weakness to persist into May, as the USD’s earlier two-month rise unwinds.

WTI Oil rises towards $100 after Trump vows to free Hormuz ships

Crude prices appreciate again on Monday despite US President Donald Trump’s pledge to rescue Hormuz vessels. The US benchmark West Texas Intermediate (WTI) barrel trades at $99.40 at the time of writing, about $3 up from the daily opening price of $96.46.