Daily Market Insight

• Soft US PPI suggest tariff impact still limited • US weekly jobless claims steady at higher levels • Strong 30-year bond auction eases market jitters • UK economy shrunk 0.3% in April as tariffs and taxes bite • PM Ishiba: wide gap remains in Japan-US tariff talks • The dollar falls after a PPI report

• US CPI data came in below expectations • Trump announces China to supply rare earths in finalized trade deal • Trump signals unilateral tariffs coming in two weeks • US to cut embassy staff in Middle East amid rising tensions • The dollar falls after a dovish CPI report

• US and China officials agree on plan to reduce trade tensions • US Appeals Court says Trump tariffs can remain in effect • US small-business sentiment increases for first time this year • UK employment drops by 276,000 after Reeves introduces tax-raising budget • World Bank cuts global growth forecast on trade tensions • Dollar remains steady ahead of US CPI

• Trump flags China as ‘tough’ before talks resume • Inflation expectations drop across the board – NY Fed • Japan confirms GDP contraction, backing BOJ’s cautious stance • China trade with US slumps despite truce • Consumer deflation continues in China as demand stalls • Dollar eases ahead of US CPI, trade update

• US job growth slows, but labor market remains resilient • Trump says Xi will resume rare earth supplies, sets talks date • Q1 GDP Growth in Eurozone revised up • Japan’s household spending declines • Thailand inflation remains negative in May • Dollar rebounds on strong NFP data

• Trump, Xi agree to more trade talks as rare earths dispute cools • Musk and Trump feud escalates • ECB cuts rates again but hints at pause • China Caixin services sector grows more than expected in May • The dollar little changed as markets await NFP data

• US ISM services contracts for first time in nearly a year • ADP employment cools to slowest pace in two years • Bank of Canada holds rates steady • Australia Q1 GDP grows less than expected • China considers ordering hundreds of airbus jets in major deal • The dollar fell on weak US data

• Trump signs order hiking steel, aluminum tariffs to 50% • US job openings unexpectedly rose in April • US manufacturing PMI contracted in May for a third month • China's Caixin PMI drops to lowest level in more than two years • Euro-Zone inflation below 2%, boosting ECB rate cut outlook • Dollar gains slightly from six-week low

• US Q1 GDP shrinks 0.2% on weaker spending, larger trade impact • US appeals court reinstates Trump tariffs • Rise in recurring jobless claims signals higher US unemployment • Tokyo prices rising most in two years keeps BOJ on hike path • The dollar weakened following soft economic data and rising trade uncertainty

• FOMC minutes show Fed waiting for clarity on outlook • US court blocks Trump tariffs over authority limits • ECB says consumers’ inflation expectations rise again in April • BoK cuts rate to shield economy from tariffs • Dollar edges higher, gains remain uncertain