The currency and stock benchmarks for developing economies declined as a flareup in the Middle East conflict reinforced concerns over a global inflation spike and curbed risk appetite. The MSCI’s emerging-market stock index dropped 0.3%, halting a two day advance that pushed it to a record high. The biggest driver of Tuesday’s decrease were the shares of Taiwan Semiconductor Manufacturing Co., a key supplier of AI chips with the largest weighting in the index. After a positive start of the week driven by strong tech earnings, reports about the US and Iran exchanging fire drew investor focus back to the fragile ceasefire . The dominant market narrative has flipped from AI optimism to Middle East tensions, according to Ipek Ozkardeskaya , senior analyst at Swissquote Group Holdings SA. “The higher the tensions, the higher oil prices, and the stronger the dollar,” she said. “A stronger dollar raises imported inflation globally, reinforcing expectations for tighter monetary policy. That, in turn, weighs on risk appetite.” Currencies of Asian oil importing nations underperformed peers, pulling the MSCI’s FX gauge for developing markets 0.2% lower. Indian rupee hit a fresh record low against the dollar, while Indonesia’s central bank intervened in the market to support the rupiah. The Indian currency remains vulnerable to high oil price that risks worsening the country’s balance of payments, even as foreign reserves account for about 11 months of imports. This gives the central bank some ammunition to ward off the weakening pressures, said Shibani Kurian , head of equity research at Kotak Mahindra Asset Management. “But at this point, we expect that the bias for the currency will be toward depreciation,” she said on Bloomberg TV. In Europe, Romanian assets remained in focus ahead of a no-confidence vote that may topple the government that has implemented a series of fiscal reforms aimed at reducing the biggest budget deficit in the European Union. The leu traded about 0.3...

CapitaLand Group Pte and Hongkong Land Holdings Ltd. are among possible bidders for the Marina One high-rise complex in Singapore’s central business district, according to people familiar with the matter. Marina One is owned by M+S Pte , a joint venture of Malaysian sovereign wealth fund Khazanah Nasional Bhd. and Singapore state investor Temasek Holdings Pte , who are seeking around S$5.7 billion ($4.5 billion) for the asset, some of the people said, asking not to be identified because the information is private. The high price target has been an obstacle to a sale of Marina One, which could also attract other suitors, possibly in a consortium, some of the people said. The Business Times reported in January that Khazanah and Temasek were considering a sale at S$5 billion to S$6 billion. Marina One includes 1.88 million square feet (175,000 square meters) of office space as well as 140,000 square feet of retail space, and there are also apartments in the complex. Deliberations around Marina One are still at an early stage and might not result in a transaction, the people said. Temasek declined to comment. Representatives for CapitaLand, which is owned by Temasek, and Hongkong Land didn’t respond to requests for comment. Khazanah and M+S also didn’t respond to requests for comment. Hongkong Land set up its Singapore Central Private Real Estate Fund this year to focus on high-end commercial property in the city-state. It already has assets in Asia Square and Marina Bay Financial Centre, as well as One Raffles Quay and One Raffles Link. Backers include Dutch pension fund APG Groep NV and the Qatar Investment Authority. CapitaLand has a private developer arm and listed asset manager with stakes in real estate investment trusts and private funds.

小米集團－Ｗ(01810)出現大手買入59.72萬股，成交價$29.96，涉資1.789千萬 AASTOCKS.com

Palantir and Paymentus lift 2026 outlooks on AI-driven growth MSN

SolStock/E+ via Getty Images Celsius ( CELH ) is set to report earnings this week. Quarterly earnings have not been positive events for the company, as they frequently miss, but after a transformational 2025, the resulting portfolio of brands under the Celsius umbrella looks to be in a good spot to support both high growth and emerging earnings power. Business Profile Celsius is the maker of energy drinks both domestically and internationally and largely produces these drinks under the flagship brand Celsius. The company also acquired Alani Nu, another energy drink brand, in April 2025, as well as Rockstar in August of 2025. The company also provides ancillary products like non-caffeinated hydration beverages with zero-sugar hydration powders, as well as a variety of other ready-to-drink products. The company is the #2 growth portfolio in ready-to-drink energy and has the #3 market share position in the energy drink category broadly in the US, with approximately 20% market share. The company has an important agreement with PepsiCo ( PEP ), which dates back to 2022. This is a strategic partnership. PepsiCo is the primary distributor of Alani Nu and Rockstar in the US and Canada as a result. This partnership expanded in 2025 as Alani Nu entered PepsiCo's distribution system. As a result, PepsiCo now owns 11% of Celsius. Celsius products are available at over 250,000 US retail outlets alone. With that being said, the company operates globally, but the most important region is still North America, where the company derives 96.3% of its revenue. Europe is just 2.9%, Asia-Pacific is 0.5%, and Other is the balance at 0.3%. This means there is a large international growth opportunity for the company, but it will take time to develop. Celsius operates in a highly consolidated industry structure. Red Bull, Monster, and Celsius combine to have approximately 74.2% market share, which creates clear pricing power. Investor Presentation Financial Profile and Q1 Preview In the prio...

Getty Images By Mandy Xu Cross-Asset Volatility : Implied volatilities were mixed last week as oil prices continued to climb and the Fed came out more hawkish than expected. Brent oil prices briefly jumped to over $126/bbl – their highest level since the Iran conflict started – while oil volatility (OVX Index) remained elevated in the 88th percentile high. Interest rate volatility increased following the FOMC meeting as traders switched from pricing in rate cuts to now rate hikes next year. The expected 1-year US CPI inflation rate jumped to near a 3-year high of 3.5% last week, well above the Fed’s 2% inflation target. Gold and FX volatilities also increased marginally. In contrast, both equity and credit volatilities fell last week on the back of better-than-expected earnings and robust US economic data. The VIX Index ended the week near a 3-month low of 16.9% (-1.7 pts). Equity Volatility : As we enter into the third month of the Iran conflict, what stands out is just how sharp the rebound has been in April compared to the sell-off in March. In fact, since the Iran War started, the market has been more volatile on up days than down days (SPX realized vol of 16.9% on up days vs. 14.6% on down days), which is extremely unusual. Typically, stocks are more volatile on down days (hence why puts trade at a premium to calls). It suggests investors were well hedged coming into March, and it’s the rally higher that’s caught people off guard. This can also be seen in the significant flattening in SPX skew as demand for call options has surged with investors turning to options to help lever their upside exposure. SPX 3M call skew (25-delta vs. 50-delta ratio) has now jumped to the 60th percentile high, while put skew has fallen to the 14th percentile low over the past year. Parallels to 2022: With “stagflation” risk on the rise, many are drawing parallels between the current market setup vs. 2022. Both were energy shocks caused by wars. Both times we’ve seen fairly orderly ...

格隆汇5月5日｜美国总统特朗普：（谈伊朗问题）当我最初采取这一行动时，我曾以为市场可能会下跌20%或25%；对此我并不介意，因为我知道市场最终会反弹回来。我还曾以为油价可能会冲上200美元甚至250美元。然而事实是，目前的油价仅在100至102美元左右。

habib billah/iStock via Getty Images There's turmoil in the Gulf again amid clashes in the Strait of Hormuz. Following the announcement of Project Freedom by the U.S. to reopen trade flows, Iran vowed there will be "no military solution" to restore shipping through the critical waterway, calling the new operation "Project Deadlock." Accounts have since differed on what has since transpired in the Strait, but the Islamic Republic later bombarded American regional ally UAE with ballistic missiles and drones over the apparent presence of U.S. naval escorts. Snapshot: The strikes hit the UAE's key Fujairah Oil Industry Zone , which acts as a strategic bypass to Hormuz via the Abu Dhabi Crude Oil Pipeline. The messaging here was that even if the U.S. Navy secures the strait, Iran can still paralyze the region's oil economy by striking external pipelines and hubs. The UAE's economy is highly dependent on its perception of being a "safe haven trade hub," with the country currently in pivotal talks with the U.S. for a currency swap line. "It's under discussion," UAE Minister of Foreign Trade Thani Al Zeyoudi declared at an event in Abu Dhabi. "It is an elite matter. It is not about bailing out." In fact, many Gulf allies have requested swap lines , according to previous statements from U.S. Treasury Secretary Scott Bessent, but confusion continues to swirl about their purpose in the current conflict and their expanding use on the world stage. Bessent also arranged a swap line with Argentina in late 2025 . How do they work? Swap lines can start at both the U.S. Treasury and the Federal Reserve and, depending on where they originate, generally convey their purpose. Treasury swap lines are typically temporary tools used by the government to provide financial support or lifelines to allies during times of crisis (like the one for Argentina). In contrast, Fed swap lines are more like permanent dollar insurance policies that allow a foreign central bank to trade its own currency ...

央行连续三个月缩量续作3个月期买断式逆回购。 流动性持续偏松，央行继续净回笼操作。 5月6日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展3000亿元买断式逆回购操作，期限为3个月（91天）。当月3个月期买断式逆回购到期量为8000亿元，由此实现5000亿元净回笼，为去年5月以来该期限品种最高的净回笼规模。 5月，公开市场中长期资金到期压力显著上升，全月中长期资金合计到期2.1万亿元，为2025年以来月度次高点，到期压力主要集中于5月下旬。而聚焦节后首周（5月6日至9日），公开市场合计到期12191亿元。其中，逆回购将到期4191亿元，3个月期买断式逆回购到期8000亿元。 市场分析普遍认为，当前央行操作以稳为主，5月资金面将逐步走出超宽松状态，整体维持中性偏松格局。 央行缩量续作实现大额净回笼 5月公开市场中长期资金到期压力显著上升。全月中长期资金合计到期2.1万亿元，为2025年以来月度次高点，到期压力主要集中在下旬。 其中，3个月期买断式逆回购于5月6日到期8000亿元，6个月期买断式逆回购将于5月18日到期8000亿元，MLF（中期借贷便利）将于5月25日到期5000亿元。 节后首周（5月6日至9日）公开市场合计到期12191亿元，处于历史中性水平。其中，逆回购到期4191亿元，3个月期买断式逆回购到期8000亿元。 为保持银行体系流动性充裕，央行于4月30日公告称，于5月6日开展3000亿元3个月期买断式逆回购操作，期限91天。 这意味着5月3个月期买断式逆回购缩量续作，缩量规模为5000亿元。这是央行连续三个月缩量续作3个月期买断式逆回购，缩量规模较上月扩大2000亿元，符合预期。 考虑到5月6日公开市场7天期逆回购到期2929亿元，加上上述3个月期买断式逆回购净回笼5000亿元，节后首日资金回笼集中，可能对当日资金面形成一定压力。 东方金诚首席宏观分析师王青表示，5月3个月期买断式逆回购连续三个月净回笼，且净回笼规模进一步扩大，主要缘于4月以来市场流动性进一步向偏松方向演化。 4月以来，市场流动性持续偏松，主要市场利率持续走低。4月DR001（银行间市场存款类机构隔夜质押回购利率）均值为1.23%，较上月下行8个基点；1年期商业银行（AAA级）同业存单到期收益率均值为1.47%，较上月下行7个基点，创历史新低。时值月末时点的几个交易日，主要...

Segantii Capital Management founder Simon Sadler accused bankers of mishandling a block trade in fashion retailer Esprit Holdings Ltd. as his own firm was shorting the stock, a Hong Kong court heard on Tuesday. The claim was made on the second day of a high-profile insider dealing case, as prosecutors played a series of occasionally expletive-laden phone calls in 2017 between Sadler, former Segantii trader Daniel La Rocca and Tony Psarianos , then an equity sales trading director at Bank of America Corp.’s Merrill Lynch unit. “How many f-—-ing people did you speak to yesterday?” Sadler asked Psarianos after the bank had attempted to drum up demand for a block sale in the shares of Esprit. “Someone short sold them,” Sadler added. “You can tell by looking at the chart.” By the time Sadler made these remarks, his firm had already started selling its shares in Esprit, said Sarah Clarke, a lawyer representing the prosecution in the case. Segantii had also taken short positions that allowed it to profit from a decline in Esprit’s share price, she said. The firm then bought some of the company’s shares in the block sale. The telephone calls also showed that Sadler suggested several times to Psarianos that the deal should have been handled through the Wall Street bank’s equity syndicate team, since the block represented a large percentage of outstanding shares and was coming from a long-time shareholder. Clarke argued that showed Sadler knew the information his firm had been given by Psarianos about the potential trade constituted inside information. Those were just two of the claims made by prosecutors on Tuesday in the trial against Segantii, La Rocca and Sadler. All three have pleaded not guilty to insider dealing, and the defense lawyers haven’t yet had a chance to make their case. Bank of America and Psarianos, who is set to testify next week, aren’t defendants in the case. Bank of America declined to comment. Block Trade King Simon Sadler Begins Hong Kong Court Battle...

格隆汇5月5日丨摩洛哥计划经由纳多尔港口进口天然气。

Apple Inc. $AAPL Stake Lowered by State of Alaska Department of Revenue MarketBeat

If the Iran war has taught the world anything, it’s that oil is unreliable. Bloomberg Opinion columnist Lara Williams explains why that’s great news for clean energy. (Source: Bloomberg)

格隆汇5月5日｜在澳洲联储连续第三次加息并将现金利率目标上调至4.35%后，该利率仍低于法兴银行年底4.7%的预测。法兴银行经济学家在一份报告中表示，“澳洲联储仍保留余力，可能至少再加息一次。”经济学家预计，澳洲联储将在2027年全年及2028年上半年将利率维持在4.7%，并预测核心通胀率将在第二季度达到3.8%的峰值，随后到2026年底降至3.1%。他们补充道，“6月暂停加息看来已成定局，”并指出，澳洲联储主席布洛克发言的基调显得更为中性，促使短端利率出现接盘需求，同时推动澳大利亚2年期与10年期国债收益率曲线出现“牛市趋陡”。

Apple Inc. $AAPL Shares Sold by Transcend Capital Advisors LLC MarketBeat

Key PointsThey may be in the same business, but Philip Morris International is a far more promising income option than Altria is at this time.

US stock futures rebounded and oil prices eased as traders monitor whether a fragile ceasefire in the Middle East can hold. A flareup of violence in the Middle East has injected fresh uncertainty after a month-long rally that pushed equities to new records, fueled by strong earnings from tech megacaps and gains in chipmakers. Still, Iranian Foreign Minister Abbas Araghchi said that talks with the Americans were “making progress.” The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Palantir Crushes with +85% Revenue, Can AMD Follow Tonight? Gotrade

Palantir Technologies Inc. $PLTR Position Increased by M&T Bank Corp MarketBeat

undefined China’s leading construction machinery manufacturers struggled to grow profits in the first quarter of 2026 despite decent revenue growth, as volatile foreign exchange rates eroded their earnings. The profit squeeze highlights a growing vulnerability for Chinese heavy equipment makers, who have increasingly relied on overseas markets for growth but remain highly exposed to currency fluctuations as they lack deep local manufacturing capabilities.

韩国总统府青瓦台5月5日就停泊在霍尔木兹海峡的一艘韩国船只爆炸起火一事表示，考虑到协调拖船、靠港安排、派遣调查人员以及分析工作所需时间，预计查明原因需耗时数日，政府将迅速、准确地展开调查。青瓦台首席发言人姜由桢表示，海洋水产部和海军清海部队正与事故船只进行沟通，实时掌握船只和船员的安全情况。（央视新闻）

Microsoft-backed (MSFT) OpenAI Chief Executive Sam Altman discussed spinning off the startup's robot

Minor damage to gates is believed to have been caused by fire that CCTV shows was started deliberately, Met says Counter-terrorism officers are investigating a suspected arson attack at a former synagogue in east London, the Metropolitan police have said. The Jewish security charity Shomrim said fire crews were called out to the building in Nelson Street, Whitechapel, in the early hours of Tuesday. Continue reading...

Apple Chip Talks With Intel And Samsung Add New Angle For Investors simplywall.st

The Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) is one of the most popular dividend exchange-traded funds (ETFs) in the marketplace. It's a bit of a unicorn in that its requirement of long histories of dividend growth is balanced with a weighting strategy that allows it to be more growth oriented. That combination makes it more likely that the fund outperforms the dividend ETF universe in risk-on markets but lags in down or non-tech driven markets. The latter is what we've seen in 2026 -- underperformance and extra volatility. But tech rallied strongly in April, and that helped boost the Vanguard Dividend Appreciation ETF 's performance again. With the artificial intelligence (AI) trade gaining momentum again, it could be a good time to revisit this fund. Continue reading