United States S&P Global Composite PMI came in at 51.7 below forecasts (52) in April

May 5, 2026

United States S&P Global Services PMI below expectations (51.3) in April: Actual (51)

Oil: Middle East conflict and policy risks steer prices – BNY

Bob Savage at BNY emphasizes that investors are using traffic through the Strait of Hormuz as a key gauge of energy risk, with ceasefire doubts keeping volatility high. A potential U.S.