Daily Market Insight

• The spotlight stayed on developments surrounding the tax bill • Giant US companies are rushing to Europe to borrow money • UK inflation rise leads traders to cut BOE rate cut bets • China-US shipments jump as firms rush ahead of tariff deadline • BI cuts rates as economy and lending cool • Dollar dips as markets await Trump tax bill vote

• Canada inflation lowest since September after carbon tax removal • The RBA delivered a ‘dovish’ rate cut • Chinese banks cut benchmark lending rates after PBOC easing • Thai Banks see NPL rise, lending drop in Q1 • Tax bill weighs on dollar

• Fed’s Williams says U.S. monetary policy in good place • Euro Area inflation confirmed stable in April • China's industrial output and retail sales slowed in April • Thailand’s GDP growth in the first quarter exceed the expectation • Dollar retreats on US ratings downgrade; trade tensions persist

• US consumer sentiment near record low amid inflation worries • Moody’s downgrades US, ending last top credit rating • Japan’s economy shrinks for the first time in a year, ahead of tariff impact • The dollar ended the week with strength

• US retail sales barely rise, suggesting some spending pullback • US PPI fell unexpectedly in April • Powell hints at revising the 2020 Fed framework • UK economy grows 0.7%, its best in a year • The dollar faced slight pressure following a series of data releases

• US announces more than $243 Billion in deals with Qatar • Fed’s Daly: US economy solid, officials can afford patience • China halts rare earth export curbs on US firms • China’s new loans fell 61% as US trade tensions rose • The dollar fluctuated but recovered

• Inflation slowed more than expected in April • German investor sentiment jumps in May • BOJ eyes hikes, cites trade uncertainty • China ends Boeing ban after US trade deal • Dollar slips slightly from highs

• US and China agree to 90-day tariff cut • Fed speakers aligned with Chair Powell’s post-FOMC stance • China exports beat expectations in April despite tariff pressures • China’s April consumer prices dip, raising deflation concerns • The dollar gained, fueled by optimism over the US-China 90-day tariff truce

• The US announced a trade framework with the UK • Trump says China tariffs will come down from 145% • Initial jobless claims drop, beating market expectations • BOE cuts rates to 4.25% in split vote as tariffs hit growth • The dollar gained, fueled by optimism over the US-UK trade deal

• Fed holds rates steady amid mounting risks of weaker growth and rising inflation • Trump announces upcoming news on a "Major Trade Deal" with a major country • Trump to remove Global chip limits, set new AI regulations • The dollar gained ground against its peers following the Fed's rate decision