Stevens has been very busy today . Waiting on court approvals to make documents public.
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BBG: RBA to Release Documents in Bribery Probe
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- China April CPI 1.2% y/y (expected 0.8%, prior 0.1%)
- PBOC sets USD/ CNY reference rate for today at 6.8467 (vs. estimate at 6.7988)
- WSJ: Rising defaults and redemption pressure push Apollo to weigh $3bn credit fund sale
- Iran oil shock has put Fed rate cuts off the table and hikes back on, Pimco says
- PBOC is expected to set the USD/CNY reference rate at 6.7988 – Reuters estimate
- UK and France convene 40-nation defence meet on Hormuz as Iran issues war warning
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