Prior 48.8 Composite PMI 50.5 vs 49.2 prior Key findings: Activity levels little-changed Growth in overall new business reinstated despite sharper fall in export sales Cost pressures intensify, but charge inflation cools Comment: Eleanor Dennison, Economist at S&P Global Market Intelligence: "The uncertainty caused by the outbreak of war in the Middle…

Lender also sets aside $300mn to cover impairments tied to the Iran war

US Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for the bill’s passage.

Prior +0.3% Core CPI +0.3% y/y Prior +0.4% Even with price pressures set to rise in the months ahead, the Swiss economy now feels like it has a bit of a buffer to work with. But in the bigger picture, it's not exactly a good thing if the Swiss franc continues to stay at more…

EUROPEAN SESSION In the European session, the only highlight is the Swiss CPI report. Headline CPI Y/Y is expected to rise to 0.6% vs 0.3% in the prior month due to higher energy prices. The data isn't going to change anything for the SNB though as the central bank has all the reasons to look…

Bitcoin soared as the MSCI AC Asia Index rose to a new high on Monday, an early indicator that investors viewed the weekend developments in a reasonably positive light.

All commercial ships and oil tankers must refrain from any movement along Strait of Hormuz without coordination with Iranian military Aggressive actions by the US will only "complicate current situation", further endanger security of vessels Warns US navy to to approach or even consider entering Strait of Hormuz Will "respond harshly" to any threat of…

Manufacturing PMI 51.7 vs 49.5 expected Prior 48.7 That's a surprising jump but the details show that it is mostly on the back of a notable push up in new orders and output as clients look to secure stock. Of note, HCOB points out that "growth in new work however in part reflected client stock building due…

Prior 53.3 Swiss manufacturing activity shows a notable pick up in April but it could be a similar case to that in Spain here. That as clients pushed up activity in order to rush to secure stock, amid fears of supply shortages. That led to a notable increase in both output and new orders, which…

The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins.