Friday, 1st May 2026, marks Workers Day (May Day), which is a Statutory Public Holiday and should be observed as such throughout the country. This declaration coincides with significant economic movements globally.
The S&P 500 Index has risen by over 13% within the past three weeks after reaching a new seven-month low. April 2026 is on track to be the best month for the S&P 500 Index in 52 years. Meanwhile, US Retail Sales increased by 1.7% month-on-month, surpassing the expected 1.4%.
In the UK, CPI (inflation) was at an annualized rate of 3.3%, as anticipated. Canada reported a month-on-month increase of only 0.9%, lower than the forecasted 1.1%. Conversely, New Zealand’s CPI had a month-on-month increase of 0.9%, slightly higher than the expected 0.8%.
The USD/JPY currency pair gained ground last week following a bullish breakout beyond ¥160. Additionally, Brent Crude Oil prices are influenced by geopolitical tensions, particularly due to the closure of the Strait of Hormuz by Iran.
The horoscope for 1st May 2026:
- Signals progress in career matters
- Indicates healing in relationships
- Offers important money insights
This public holiday aligns with similar observances in China, Switzerland, France, Germany, and Italy. The outcome of ongoing negotiations concerning the Middle East war is likely to remain influential on market dynamics.