China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%)

Australia April CPI slows to 4.2% but core inflation creeps to highest since 2024 The headline flattered by a tax break; the core told a less comfortable story.

NZD jumps - RBNZ holds OCR at 2.25% by casting vote as committee splits 3-3 on rate hike A casting vote kept the OCR on hold, but the RBNZ just told markets that hikes are coming and the only question is how fast.

SK Hynix hits $1T valuation on AI chip demand; KRX halts trading amid rally.

Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%) The core rate is still very solid, underlying at 3.4% (expected 3.4%, prior 3.3%) AUD down, headline and m/m core lower than expected.

China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%)

PBOC sets USD/ CNY mid-point today at 6.8291 (vs. estimate at 6.7883)

S&P 500, Nasdaq hit records on AI buzz. Micron joins $1T club. 5 AI stocks show buy signals.