.jpg)
Overseas news
Japanese Finance Minister Satsuki Katayama issued a stern warning against excessive yen volatility. She signaled that Japan remains ready to intervene in the foreign exchange market.
This statement comes after the yen gained strength versus the dollar last week, fueling speculation that the government intervened to lift the weakening yen.
In India, the ruling party of Prime Minister Narendra Modi achieved a historic political milestone by securing its 1st-ever victory in the West Bengal state elections.
Elections tend to impact outlook for a country’s growth since leaders can introduce policy shifts, setting the tone for the economy and financial markets.
Local developments
Manufacturing activity shrank for the 1st time since late 2025 amid fewer new orders and rising operational costs. This is partly due to supply disruptions linked to the Middle East conflict.
Relatedly, the Manufacturing Purchasing Managers’ Index (PMI) fell to 48.3 in April, entering the contraction territory for the 1st time in 5 months.
PMI is an index that shows if market conditions are seen as expanding (index over 50), staying the same (index at 50), or contracting (index under 50).
Additionally, motorists will face higher pump costs this week as local oil companies implement price hikes for diesel and gasoline. This move follows changes in international oil markets.
While there are negative developments in local news, there are no sure signs of what will happen in the markets over time. For now, you may want to remain cautious with your investing decisions.
