Apr 19 ,2026
Synopsis:
Asian markets set for cautious start to Monday trade. Japan, Hong Kong and Australian futures ended higher Friday, though S&P 500 futures have swung lower in pre-market trade amid Middle East headline volatility. Comes after US indexes capped off strong week with another rally on Friday. Big bounce in crude this morning after losing 14% last week. Gold and silver retreating. Australian bonds firming with yields lower across the curve, mirroring Treasury markets on Friday. Dollar inching higher against yen, weaker against Aussie and Kiwi. Bitcoin under pressure.
Latest Iran headlines raising uncertainty about prospects of second of round of talks. Trump sending US delegation to Pakistan this week and press sources say VP Vance will lead negotiations. No confirmation from Iran after CNN sources said Tehran would be participating. Tensions ratcheted higher over Strait of Hormuz after Iran re-closed the waterway and fired on vessels, accusing US of violating ceasefire by maintaining its blockade. Trump warned war will resume if Iran doesn't sign deal, renewing threat to take out power plants and bridges. US also seized Iran-linked oil tanker attempting to escape blockade.
China loan prime rate decision Monday with 1Y and 5Y rates expected to remain unchanged for 11 straight month. Quieter week on Asia economic calendar with Japan CPI forecast to show core inflation holding below 2% due to energy subsidies. New Zealand Q1 CPI expected to show pickup in headline inflation as policy tightening expectations firm. Flash PMIs to be scrutinized for war's impact on input costs. Japan trade data, South Korea Q1 GDP and Singapore CPI among other data points of note. Indonesian and Philippines central bank decisions expected.
Pre-open Company News:
000630.CH -- Tongling Nonferrous Metals Group reports FY net income attributable CNY2.42B vs year-ago CNY2.81B
U14.SP -- UOL Group upgraded to overweight from neutral at JPMorgan
600867.CH -- Tonghua Dongbao Pharmaceutical reports FY net income attributable CNY1.22B vs prior guidance CNY1.24B and FactSet CNY1.31B [3 est, CNY1.24-1.40B]
002294.CH -- Shenzhen Salubris Pharmaceuticals issues update on JK06 overseas clinical trial at AACR2026
534091.IN -- SEBI approves Multi Commodity Exchange of India's investment in proposed Coal Exchange Company
513599.IN -- Hindustan Copper reports fatality at process plant of Khetri Copper Complex in Rajasthan
101.HK -- Hang Lung Properties downgraded to neutral from buy at UBS
C38U.SP -- Trading halted in CapitaLand Integrated Commercial Trust pending release of announcements
0166.MK -- Inari Amertron upgraded to buy from sell at Citi
6507.JP -- Sinfonia Technology initiated buy at Nomura
600867.CH -- Tonghua Dongbao Pharmaceutical releases 2025 sustainability report
2575.HK -- Xuanzhu Biopharmaceutical presents Phase III clinical trial result of Dirozalkib for first-line treatment of ALK-positive advanced NSCLC at AACR 2026
C09.SP -- City Developments upgraded to overweight from neutral at JPMorgan
CHZ.SP -- HRnetGroup initiated buy at Maybank Investment Bank
9CI.SP -- CapitaLand Investment to sell Asia Square Tower 2 property to IOI Marina View for SG$2.48B
On Deck:
China:
Economic:
08:00 CST: Foreign Direct Investment Y/Y; consensus
09:30 CST: 1 Year Loan Prime Rate; consensus
09:30 CST: 5 Year Loan Prime Rate; consensus
Australia:
Earnings:
Viva Energy Group (VEA.AU)
New Zealand:
Economic:
10:45 NZST: Trade Balance Goods; consensus
Earnings:
Black Pearl Group (BPG.NZ)
India:
Earnings:
Bank of Maharashtra (532525.IN), Billionbrains Garage Ventures (544603.IN), PNB Housing Finance (540173.IN)
Thailand:
Earnings:
TMBThanachart Bank Public Co. (TTB.TB)
Market Data:
Gold (Jun 26): ($90.50) or (1.85%) to $4789.10
WTI Crude (May 26): +$6.61 or +7.88% to $90.46
$-¥: +0.49 or +0.31% to 159.1220
$-KRW: (1.96) or (0.13%) to 1465.1500
A$-$: (0.00) or (0.47%) to 0.7137
$-INR: (0.00) or (0.00%) to 92.6033
$-CNY: (0.00) or (0.01%) to 6.8167
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