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Morgan Stanley raises China GDP forecast to 4.5% for 2025 amid easing trade tensions
Reuters Tankan report has manufacturing sentiment at 8 in May, down from 9 in April
New Zealand April exports higher than in March: NZD7.84bn vs 7.41bn
Australian Leading Index for April 0.0% m/m (prior -0.2%)
CNBC: Musk says AI could run into power capacity issues by middle of next year
Japan April exports +2% y/y (expected +2%)
Mexican Economy Minister says autos exported to US will face average 15% tariff, not 25%
China’s Commerce Ministry says US measures on China chips are bullying, protectionist
CNN is reporting that Israel is planning an attack on Iranian nuclear facilities
HSBC sees G10 FX consolidation as trade risks fade; AUD, NZD may firm
JP Morgan sees modest USD depreciation ahead amid rebalancing, hedging flows.
US FAA issued an order reducing the flight arrival and departure rate at Newark Airport
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