EU’s Rehn calls on unions to contribute to overcome EU crisis

Japan's senior currency official Atsushi Mimura refused to confirm or deny reports of yen intervention after the currency breached 160 per dollar, as the BoJ's cautious stance, $120 oil and thin Golden Week liquidity keep the pressure firmly on.

Tokyo April CPI 1.5% y/y vs exp. 1.8%; core-core 1.9% vs exp. 2.3%. Slowest core reading since March 2022. Below BoJ 2% target for third month. BoJ signalled possible June hike at April meeting.

Altria beats EPS ($1.32 vs $1.25), revenue up 5.3%. On! volumes jump 17.6%. Yields 5.8%.

UPS & FedEx to refund billions in tariffs. Customers see potential cost savings, boosting logistics sector valuation.

RDDT jumps 69% on Q1 revenue beat & strong outlook. Traders cheer valuation surge.

VIAV surges 15%+ on strong earnings & guidance beats. Sales up 43% YoY, ops income +79%. Future-proof markets.

Japan: Tokyo area April CPI headline 1.5% y/y (expected 1.7%, prior 1.4%)