Daily Market Insight

• U.S. wholesale inventories rise strongly • U.K. Retail Sales Hit by Cost of Living • Japan Personal Spending Falls for 1st Time in 3 Months • US Futures Slip After Wall Street Rout as Inflation fears and Growth concerns

• China's April exports slow, imports unchanged amid expanding virus curbs • Manufacturing drives strong U.S. hiring; wage growth cools • Oil slips on global economic concerns, ahead of EU vote on Russia oil ban • UST continued to rise after solid U.S. jobs number, TGB steepened sharply

• China’s Services Activity Falls in April 2022, Second Steepest on Record • Worker shortages hamper U.S. private payrolls, services sector in April • U.S. service sector slows; input prices measure at record high • Dollar index hits 20-year high, sterling tumbles on dovish BoE

• Fed lifts rates by half point, starts balance sheet reduction June 1 • Bank of England set for 4th straight rate hike to fight inflation • China's services activity shrink the most in 26 months • US Futures ease after Post-Fed relief rally

• 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