Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
German Industry Employment Falls to Lowest Level in a Decade 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Asian stock markets edged higher on Monday despite escalating tensions in the Middle East and rising oil prices, as strong gains in technology and semiconductor shares helped support investor confidence. Optimism surrounding an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping also lifted sentiment across regional markets.
Chinese equities moved higher after Beijing confirmed that Trump and Xi will meet in Beijing from May 13 to 15. The summit is expected to focus on trade tariffs, Taiwan, and the ongoing Middle East conflict. Investors are also anticipating a possible extension of the trade truce agreed upon in late 2025.
The Shanghai Composite Index gained 0.7%, while the CSI 300 climbed 1.2%. However, Hong Kong’s Hang Seng Index slipped 0.4% amid cautious trading activity.
China’s latest economic data also supported market sentiment. April consumer inflation exceeded expectations, while producer prices surged to their highest level in nearly four years. Analysts attributed the increase largely to higher import costs caused by instability in the Middle East and rising energy prices.
South Korea’s KOSPI was the standout performer in Asia, soaring nearly 5% to a record high. The rally was driven by major semiconductor companies benefiting from continued demand linked to artificial intelligence technologies. SK Hynix jumped almost 12%, while Samsung Electronics advanced close to 6%, with both stocks reaching all-time highs amid ongoing memory chip shortages.
Elsewhere in Asia, Japan’s Nikkei 225 fell 0.4%, pressured by a sharp decline in Nintendo shares following weaker-than-expected earnings guidance. Australia’s ASX 200 dropped 0.7% after biotech giant CSL cut its annual outlook.
Meanwhile, concerns over the Iran conflict and disruptions in the Strait of Hormuz pushed oil prices sharply higher. Indian markets showed signs of weakness, with Nifty 50 futures down 1% as investors worried about the economic impact of rising energy costs on the country’s import-heavy economy.
