Market Information Wednesday 06 May 2026

Trump pauses “Project Freedom,” the U.S. military operation to guide commercial ships out of the Strait of Hormuz, citing progress toward a “complete and final agreement” with Iran just one day after the operation began. The announcement lifted stock futures and raised hopes for a deal that would reopen the strategically vital waterway, through which nearly 23,000 sailors on vessels from 87 countries remain stranded. Tensions had escalated sharply beforehand, with the UAE reporting Iranian missile and drone attacks and a South Korean-operated vessel catching fire in the strait.

Samsung shares surged more than 15% to push its market capitalisation past $1 trillion, driven by booming AI memory demand and record first-quarter earnings in which operating profit rose more than eightfold to 57.2 trillion won on revenue of 133.9 trillion won. The rally was further fuelled by reports that Apple held exploratory talks with Samsung and Intel to produce chips for U.S.-based devices, potentially reducing reliance on TSMC. South Korean peer SK Hynix jumped more than 10%, helping lift the Kospi above 7,000 for the first time.

Australia committed A$10 billion ($7.2 billion) to boost national fuel stockpiles to 50 days and establish a permanent government-owned reserve of around 1 billion litres, as the country faces supply pressures from the Middle East conflict. The package includes A$3.2 billion for the fuel reserve and A$7.5 billion in loans, equity and price support for fuel and fertiliser storage. Australia currently imports around 80% of its fuel and has experienced local shortages since the conflict began, with reserves previously mandated at just 30 days.

The 6M Euribor increased with 4 basis points to 2.56% compared to previous business day. The 10Y Swap decreased with 4 basis points to 3.09% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.