Daily Market Insight

• 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

• US consumer confidence jumps most in four years on trade truce • US core capital goods orders decrease by most since October • Japanese government may tweak bond issuance • Dollar rebounds, but trade and debt worries remain

• Japan loses top creditor status for first time in 34 years • Xi considers new ‘Made in China’ plan despite US pressure • Chinese, EU trade chiefs to meet amid rising Trump tariff tensions • Thailand’s April exports beat forecasts, but trade ended in deficit • Dollar held in range on holiday-thinned trade

• Trump delays 50% tariffs on EU to July 9 • Lower prices boost new US home sales surged to more than a three-year high in April • UK retail sales jump in April, supported by favorable climate • Indonesia to launch economic stimulus to boost consumption • Dollar slips on fiscal health worries

• Trump tax bill narrowly passes House • US PMI improves in May despite tariff-fueled price pressures • Fed’s Waller offers route to rate cuts in second half of year • Euro-zone PMI unexpectedly shrinks • Japan CPI grows more than expected in April • Dollar gained on upbeat PMI data

• 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