Kansas City Fed Composite index came in -2 vs -5 exp. and -5 previously
- Manufacturing was higher than previous print 1 vs -13 previously
Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD
USDJPY: another intervention by Japanese authorities, yen gains 1.00% 📌
Economic calendar: ADP report and PMI data from Europe 🔎
Morning wrap (06.05.2026)