The rate cuts in China and Europe fails to boost investor confidence for risk.
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Nikkei share average opens down 0.30% at 9,052.70
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)
- Iran war economic toll deepens as global oil stocks near exhaustion
- Japan's 10-year bond yield hits 1996 high as fresh debt plans emerge. Extra budget coming
- Chinese House Price Index continues to slump: April -3.5% y/y (prior -3.4%)
- PBOC sets USD/ CNY reference rate for today at 6.8435 (vs. estimate at 6.8086)
- Singapore April 2026 non-oil exports +24.5% y/y vs prior 15.30%
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