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Reuters Tankan report has manufacturing sentiment at 8 in May, down from 9 in April
Mexican Economy Minister says autos exported to US will face average 15% tariff, not 25%
Japan April exports +2% y/y (expected +2%)
CNBC: Musk says AI could run into power capacity issues by middle of next year
Australian Leading Index for April 0.0% m/m (prior -0.2%)
China’s Commerce Ministry says US measures on China chips are bullying, protectionist
US FAA issued an order reducing the flight arrival and departure rate at Newark Airport
JP Morgan sees modest USD depreciation ahead amid rebalancing, hedging flows.
HSBC sees G10 FX consolidation as trade risks fade; AUD, NZD may firm
CNN is reporting that Israel is planning an attack on Iranian nuclear facilities
Oil has jumped on the CNN report Israel is planning to attack Iran nuclear facilities
Economic calendar in Asia 21 May 2025
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