Daily Market Insight

• US consumer sentiment at six-month low; inflation expectations rise • Japan economy expected to shrink in Q1 due to weak consumption • China CPI inflation picks up in April, PPI lags • Dollar up slightly after consumer sentiment data, CPI eyed

• US weekly jobless claims highest in more than eight months as labor market eases • Europe's rush for rate cuts shifts global market power away from US • China's exports and imports return to growth, signalling demand recovery • Dollar softens after claims data, pound recovers from BoE-led low

• US wholesale inventories drop by unrevised 0.4% in March • German industrial output falls less than expected in March • Japan real wages fall in March, marking 2 years of decline • Dollar gains on rate outlook, yen weakens for third day

• Eurozone retail sales rose slightly in March • UK PMI fastest expansion of construction output in 2 months • Australia RBA leaves interest rate on hold despite higher-than-expected inflation • Dollar steadies reflecting the Fed’s commenting on possible path of interest rates

• US unemployment rate remained low • EU Industrial producer prices down more than 7% • Thailand April inflation turned positive in 7 months • Dollar soft on renewed rate cut bets; yen starts week on back foot

• US labor market remain tight; productivity falters in first quarter • US manufacturing PMI decreased as new orders down, but in-line the 50 mark • South Korea consumer inflation edged down in April • Dollar struggles to rebound; gold price rallies after Federal Reserve meeting

• Fed holds rates steady, citing no role in rate-move timing • US ADP non-farm employment above market expectation • UK manufacturing slips back into contraction as decline in output and new orders • Dollar and stock decline after Fed left interest rates unchanged

• Eurozone economic sentiment unexpectedly fell in April • China Caixin manufacturing production expanded at most pace in almost a year • Thailand’s export dropped remarkably in eight months, more than market expected • Yen rebounds strongly after past 160 level since 1990 on possible intervention

• US March’s inflation increases moderately • Eurozone inflation expectation declined further • BOJ leaves policy unchanged despite the currency continued weakness • Dollar drifts lower amid PCE data released

• Imports hold back US economy in first quarter, inflation flares up • US weekly jobless claims unexpectedly fall • Tokyo CPI inflation slides below 2% in April as BOJ meeting approaches • Dollar sags after mixed US growth and inflation report, except against yen