European Markets Wrap-Up: investingLive Asia-Pacific FX news wrap: Oil ticked higher

Tuesday, 07 Apr, 2026 News investingLive Asia-Pacific FX news wrap: Oil ticked higher Apple foldable iPhone faces delays as engineering issues hit test production phase US doubts Iran deadline extension as tough response seen as negotiating tactic (Axios) New Zealand Commodity prices j Stocks Apple foldable iPhone faces delays as engineering issues hit test production phase Engineering hurdles threaten to delay Apple’s foldable iPhone rollout as EVT issues emerge. Summary: Apple’s foldable iPhone facing engineering delays Issues arise during EVT (test production phase) S Learn more News US doubts Iran deadline extension as tough response seen as negotiating tactic (Axios) US signals fading patience on Iran deadline but keeps door open to last-minute deal. Summary: US doubts another deadline extension Iran’s response seen as tough but tactical White House views stance a News New Zealand Commodity prices jump. Middle East conflict drives near-record ANZ index surge Middle East supply shock drives broad commodity surge, pushing ANZ index near record highs. Summary: Commodity prices surged in March amid Middle East conflict ANZ index rose 4.1% m/m, near record hig News Australia spending holds firm as inflation jumps and job ads fall Australia data show resilient spending but rising inflation and softer labour demand. Summary: Household spending +0.3% m/m in Feb, ahead of expectations Annual spending growth steady at 4.6% Services Central Banks Yuan seen strengthening to 6.8 as China resilience offsets seasonal weakness Yuan seen strengthening despite seasonal headwinds as fundamentals and flows dominate. Earlier: PBOC sets USD/ CNY reference rate for today at 6.8854, the strongest, for CNY, in nearly 3 years. Summar Stocks SpaceX targets record IPO with huge retail allocation and June roadshow SpaceX gears up for record IPO with massive retail allocation and June roadshow. Summary: SpaceX targets late May prospectus, early June roadshow Plans major global IPO with potential $75bn raise Valu Commodities WSJ: Hopes fade for deal with Iran ahead of Tuesday-night deadline Summary: Negotiators see low odds of Iran meeting Trump’s Hormuz deadline U.S. may target bridges and power plants if talks fail Pattern of ultimatum → strikes or extensions seen in past Iranian offic Learn more Central Banks PBOC sets USD/ CNY reference rate for today at 6.8854 (vs. estimate at 6.8773) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. The 6.8854 rate is the strongest, for CNY, in nearly 3 years. PBOC injects 500mn yuan via 78pday reverse repos

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