The Wall Street Journal
- Barring any major shocks, the DXY dollar index is expected to trade in the 104-105.50 range over the coming weeks, Monex Europe said.
- Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.
- Gold edged higher, holding ground after U.S. data releases lowered Treasury yields and the dollar, and increased expectations for earlier Fed rate cuts, Commonwealth Bank of Australia said.
- Beijing has announced a plan to clear the backlog of unsold and unfinished homes, but questions remain over the scale and financing of the package.
- Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.
- German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.
- China’s consumption and investment slowed in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.
- Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.
- Richemont said it appointed Nicolas Bos, currently chief of its French jewelry brand Van Cleef & Arpels, as its CEO.
- The Nikkei Stock Average closed 0.3% lower at 38787.38 as falls in tech and chemical stocks offset gains in auto and bank shares.