Daily Market Insight

• U.S. manufacturing activity slowest in more than 18 months • China April factory activity contracts at steeper pace as lockdowns bite • Euro zone factory output growth stalled in April • Dollar approaches 20-year highs, Fed meeting in focus

• U.S. GDP fell annualized 1.4% due to imports and lower inventories • Energy prices bump German inflation to four-decade high • EU employment rate above pre-COVID levels in 2021 • Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan

• US Goods Trade Gap Widens to Record • UK Retail Sales Tumble to 13-Month Low: CBI • Japan Industrial Production Rises 0.3% in March • Technology earning help stocks, Dollar bulls and Oil prices edged lower

• U.S. consumer confidence dips in April • Australian inflation hits 20-year high, brings rate rises near • Nasdaq tumbles to lowest close since late 2020 • Dollar nears pandemic peaks as investors seek safety

• Chicago Fed National Activity Index at 3-Month Low • UK Factory Orders Index Falls to 6-Month Low: CBI • German Business Morale Unexpectedly Rises in April • Japan Jobless Rate Falls to 2.6% in March

• U.K. Retail Sales Fall Again as Consumer Confidence Hits 13-Year Low • Industrial output in Shanghai falls for first time in 2 years • Japan March consumer prices rise at fastest pace in over 2 years • Euro inches up after Macron's victory, still under Dollar influence

• Fed's Powell Says 50 Basis Point Rate Hike for May on the Table • U.S. existing home sales fall further as house prices hit record high • Euro zone trade deficit extends to Feb as energy import burden rises • Yen and yuan suffer as Fed eyes faster hikes

• IMF cuts global growth forecast over Ukraine war • Oil prices fall 5% after IMF cuts growth outlook • Treasury Short-End Yields Surge While 30-Year Rate Tops 3% • U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference

• China’s first quarter GDP beats expectations to grow 4.8% year-on-year • U.S. Retail Sales Moderated in March Amid Squeeze from High Gas Prices • China cuts reserve requirements for banks as economy slows • Dollar gains on euro as ECB seen in no rush to hike rates

• China’s consumer and producer inflation rise faster than expected in March • War to slash Ukraine's GDP output by over 45%, World Bank forecasts • Oil falls, pressured by China lockdowns, reserves release • Macron lead lends a hand to the euro ahead of ECB