Daily Market Insight

• U.S. fuel and trucking costs power producer inflation • UK slowdown fears mount as GDP unexpectedly shrinks in April • Japan's core machinery orders post surprise double-digit growth • Yields hit decade highs before expected 75 bp Fed rate hike

• Fed likely to boost interest rates by 0.75 basis point • US Inflation Expectations Back to Record High • New Zealand May Food Inflation Rises to 6.8% • Brent steadies around $122.5 per barrel as tight global oil market • Fed bid to fight decade high inflation triggering inverted yield curve

• U.S. annual inflation posts largest gain in nearly 41 years • Bank of England says 12-month inflation expectations hit record • South Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion • Dollar rises as hot U.S. inflation data seen keeping Fed hawkish

• China's exports surge on easing COVID curbs, trade outlook still fragile • Weak yen pushes up Japan's wholesale import costs at record pace • ECB to raise interest rates, end net asset purchases in July • Dollar gains ahead of inflation data, euro falls after ECB

• US Wholesale Inventories rose in April • UK to see slowest growth of developed countries, says OECD • China Trade Surplus Largest in 4 Months • US and Asian Stock slipped, Yield higher as worried over tightening policy outlook

• U.S. Imports Fell for First Time in Nine Months in April, Amid Destocking • UK businesses feel the strain from surging inflation • German Factory Orders Fall for Third Straight Month in April • Yen slides as Europe braces for rate hikes

• US inflation hasn’t peaked and multiple half-point rate hikes needed • UK new car market declines as supply constraints hold back deliver • UK Retail Sales Hit by Cost of Living • US Stock dropped and Government bond yield rose due to the expectation of rising inflation

• US Economy Seen Adding 325K Payrolls in May • Euro Area Retail Sales Unexpectedly Drop in April • Germany Composite PMI Unexpectedly Falls in May • China’s Private Sector remained Weak at Softer Rate • US Futures Rise due to a robust US job report, Brent jumped

• U.S. manufacturing sector regains speed in May • U.S. Layoffs Hit All-Time Low in April as Job Openings Edge Down • May European Manufacturing Growth Slowest Since Early 2021 • Rising U.S. yields pushed Dollar higher

• European Inflation Spiked in May, Rising Rate Hike Possibilities • South Korea exports growth accelerates in May, China curbs hurt • Australia's economy slows a little in Q1, demand still solid • Dollar rises as inflation worries hurt risk sentiment