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Real-time News
The Norwegian Road Federation (OFV) reports that Teslas new car registrations in Norway fell 61% year-on-year in April.May 4th - During the May Day holiday, short-distance cross-border travel between Guangdong, Hong Kong, and Macao saw another surge. According to statistics from the Gongbei Border Inspection Station, from May 1st to 3rd, the station processed over 1.23 million inbound and outbound passengers traveling between Zhuhai and Macao through the Gongbei Port. As a core hub for interconnectivity within the Guangdong-Hong Kong-Macao Greater Bay Area and a key gateway connecting the mainland and Macao, the Gongbei Port has seen a continuous increase in passenger traffic this year, vividly demonstrating the vibrant integration and development of the Greater Bay Area.The UK Maritime Trade Operations Office: The maritime security threat level in the Strait of Hormuz remains critical due to ongoing regional military operations. Seafarers in the area should be aware of increased naval presence, enhanced force protection posture, potential VHF calls, and congestion near anchorages.Indonesias Statistics Agency: The Consumer Price Index rose 2.42% year-on-year in April.On May 4th, the Organization of the Arab Petroleum Exporting Countries (OPEC) issued a statement on May 3rd confirming that the United Arab Emirates (UAE) had officially withdrawn from the organization. The statement said that the OPEC Secretariat had received a letter from UAE Energy Minister Suhail al-Mazrouei to the current Chairman of the Council of Ministers, announcing the UAEs decision to withdraw from the organization, effective May 1, 2026. Previously, on April 28th, the UAE announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1st. OPEC was established in 1968, headquartered in Kuwait, and aims to promote cooperation among its member countries and strive to maintain reasonable oil prices. The organization includes Saudi Arabia, Qatar, Kuwait, Algeria, Bahrain, Egypt, and Iraq as its member states.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.