Every atomic assertion extracted from the underlying record, ranked by evidence strength.
India's wholesale price inflation (WPI) accelerated to a 42-month high of 8.3% YoY in April.
Chinese President Xi Jinping warned U.S. President Donald Trump that the U.S. and China "will have clashes and even conflicts" if the long-standing issue of Taiwan's independence is mishandled.
Inflation is the biggest risk to a U.S. economy that has shown "remarkable resilience" in the face of numerous challenges.
The oil price gain is amid ongoing tensions in the US-Iran conflict.
US President Trump stated that China is willing to support negotiations with Iran.
Trump pushes for a diplomatic resolution to end the war and re-open the Strait of Hormuz.
China has not explicitly confirmed its willingness to support negotiations with Iran.
Trump told Xi Jinping that the relationship between the two countries was going to be "better than ever before."
Xi Jinping noted the global attention on the meeting between the US and Chinese Presidents.
Xi Jinping said a major question for the US and China was whether they could avoid the "Thucydides Trap."
The U.S. job market is stable.
Indian Oil companies announced a hike of Rs 3 per litre in petrol and diesel prices on Friday.
The petrol and diesel price hike pushes fuel rates higher across major metro cities in India.
Prime Minister Narendra Modi is set to begin a five-nation tour covering the UAE and four European countries.
The tour aims to strengthen cooperation in energy, defence and technology.
UK GDP grew by 0.6% QoQ in Q1.
UK GDP growth in Q1 was higher than 0.2% QoQ in the previous quarter.
UK GDP grew by 1.1% YoY in Q1.
UK GDP growth in Q1 was slightly higher than 1.0% YoY in the previous quarter.
UK Industrial Production contracted by 0.2% MoM in March.
UK Industrial Production contraction in March was down from 0.3% MoM in the previous month.
US Initial jobless claims increased to 211k in the week ending on May 9.
US Initial jobless claims were 199k in the previous week.
US Retail sales grew by 4.9% YoY in April.
US Retail sales growth in April was higher than 4.2% YoY in March.
US Retail sales grew by 0.5% MoM in April.
US Retail sales growth in April was lower than 1.6% MoM in March.
US Stock markets traded higher in the previous session.
Asian stock markets traded largely lower this morning.
US Treasuries traded lower in the previous session.
The 10 Yr US yield is trading at 4.515%.
The 10 Yr US yield was 4.459% in the previous session.
The Indian Rupee closed at 95.77 against the USD.
The Indian Rupee closed at 95.71 against the USD in the previous session.
The yield on the 10-year sovereign bond closed at 7.02%.
The yield on the 10-year sovereign bond was 7.05% in the previous session.
The DXY is trading higher this morning.
The DXY is continuing the strong rally that has been seen all week.
The DXY rally is driven by risk aversion as concerns about the crisis remained in place.
USD strength stems from rising interest rate hike expectations amidst mounting inflationary pressure.
The EUR/USD pair is trading lower this morning.
The EUR/USD decline is driven by a stronger USD.
Investors will react to sentiment data from the bloc today.
Investors will react to inflation data from Germany today.
The GBP/USD pair is trading softer.
The GBP/USD pair broadly tracks USD strength rather than domestic drivers.
The GBP/USD pair remains sensitive to shifts in US rate expectations.
Limited domestic catalysts exist for GBP/USD in the near term.
Sharp downside for GBP/USD remains limited given strong economic data in yesterday's GDP release.
The USD/JPY pair is trading higher in the early Asian session.
The USD/JPY rise is driven by higher UST yields.
Investors will react to global risk sentiment today to send further cues about the USD/JPY pair.
The USD/CNY pair is trading higher this morning.
The USD/CNY rise is led by a stronger USD amid steady US economic data and rising expectations of a rate hike by the Fed.
The PBoC set the USD/CNY reference rate at 6.8415.
The PBoC set the USD/CNY reference rate at 6.8401 in the previous session.
The AUD/USD pair is trading lower this morning.
The AUD/USD decline is driven by a stronger USD.
Markets are beginning to price in a 25bps rate hike by the Fed later next year.
Risk sentiment continues to weigh negatively on the AUD.