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NAHB housing market Index for May 37 versus 34 estimate

Al Arabiya: Iran agrees to long-term nuclear freeze in lieu of a complete dismantling.

US reportedly to temporarily waive Iran sanctions in new draft proposal

investingLive European markets wrap: A more cautionary mood; US to waive Iran sanctions?

IEA chief warns that commercial oil inventories are depleting rapidly

Japan government likely to issue fresh debt to fund extra budget – report

Iran’s ForMin Spokesperson says process of talks through Pakistani mediation is ongoing

What are the main events for today?

Surging bond yields are a major pain point for equities at the moment

investingLive Asia-Pacific FX news wrap: Rising oil, yields, war stress weigh on markets

China April data misses badly, Iran war and weak demand weigh. Retail sales growth plunge.

Chinese House Price Index continues to slump: April -3.5% y/y (prior -3.4%)