May’s NAHB Housing Market Index rose to 37, beating the 35 forecast, indicating improved homebuilder sentiment.
Europe’s defence spending surge boosts short-term growth but risks inflation, deficits, and long-term industrial shifts.
TD Securities sees RBA cash rate peaking at 4.60%, with next hike likely in August.
China’s April recovery slowed: industrial output and investment weakened, retail sales stalled, youth joblessness rose, policymakers waited.
Goldman holds $5,400 gold target; prices near $4,500 as central bank buying supports late-year outlook.
European gas prices rise above €50/MWh as Middle East risks threaten supply; Asia may boost spot LNG.
EUR/USD slid 1.18 to 1.16, then stabilized as rate expectations and reduced long USD positions supported euro.
US yields rose in bear steepening as 30-year topped 5%; attention shifts to auctions, Fed minutes.
Silver rose to $76.55 as dollar weakened on US-Iran diplomacy hopes, but yields capped gains.
Hardman warns pound may weaken as UK political uncertainty rises, pressuring gilts; MUFG stays short GBP/CHF.
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