PPI AND JOBLESS CLAIMS 8:30 AM ET

Asia RED…Europe GREEN

• Hong Kong: Hang Seng closed down -0.09%
• China CSI 300   -0.16%
• Taiwan KOSPI   -0.22%
• India Nifty 50   -0.05%
• Australia ASX    -0.06%
• Japan Nikkei    +0.38%
• All European bourses all in positive territory so far this morning
• US indices in very slight positive territory, Nasdaq slightly negative USD +0.38%

Overnight Data/News

• PBoC Sets Yuan Mid-Point At 6.9101 / Dlr VS Last Close 6.9288
• China PPI Y/Y Apr: -3.6% (est -3.3%, prev -2.5%) – China CPI Y/Y Apr: 0.1% (est 0.3%, prev 0.7%) – China CPI M/M Apr: -0.1% (est 0.0%, prev -0.3%)
• China April Aggregate Financing 1,220.0B Yuan (est 2,000.0B) – April New Yuan Loans 718.8B Yuan; (est 1,400.0B) – April M2 Money Supply Rises 12.4% Y/Y (est 12.5%)
• China Inflation: Consumer Prices Ease Further In April, Producer Prices Remain In Deflation – SCMP
• Hong Kong Overnight Funding Costs Surge To Highest Since 2007 – BBG
• Blackstone In Talks With US Regional Banks Over Lending Partnerships – FT
• Italy To Hold Talks With China About Exiting Belt And Road Initiative – FT
• Swedish Real Estate Sector Rattled As Refinancing Worries Surface – FT
• China Bonds Rally As Bank Deposit-Rate Cuts Fuel Easing Bets – BBG
• ECB’s Nagel: Rate Hikes Not Over, We Have To Do More Nothing Off The Table

US DATA TODAY