In line with the other soft data and setting the tone for the full German reading later at 12.00 GMT
EURUSD 1.1354 getting knocked a little by renewed EURJPY selling
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TSMC's Q1 revenue up 41%, margins expand on AI demand. AMZN AWS & AI surge. LMND IFP up 32%, eyes profit.
AI fuels job cuts, tech unemployment hits 3.8%. Layoffs surge 38% MoM, but YTD down 50%.
China's April PPI jumped 2.8% year-on-year, a 45-month high and well above forecasts, while CPI rose 1.2%, as Iran war energy costs end a 41-month deflationary streak.
Oil majors like CVX & XOM offer strong dividends (3.9% & 2.8%) amid supply shocks. SHEL's dividend cut raises concerns.
S&P 500 targets 8250 on strong earnings! Traders eye 'Roaring 2020s' rally, but 10% chance of 8000 by June.
Aramco's Q1 net income jumps to $33.6B on higher crude prices; dividend up 3.5%. Gearing at 4.8%.
Japan's petrol subsidies are draining funds at 300bn yen a month while yen intervention nears IMF limits, putting Tokyo's fiscal and currency strategy on a collision course,
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