Treasuries gained as a fresh spate of economic data offered signs of ebbing economic activity and dimming inflation, supporting bets that the Federal Reserve will cut interest rates twice this year bloomberg.com/news/articles/…

US factory production declined in April for the first time in six months, marking a soft start to the second quarter for manufacturers encumbered by higher import duties. bloomberg.com/news/articles/…

New York state factory activity contracted in May for a third month while a gauge of prices paid for materials jumped to the highest level since July 2022, highlighting the impact of the Trump administration’s tariffs. bloomberg.com/news/articles/…

US retail sales barely rose in April, suggesting consumers pulled back on spending amid concerns about rising prices from tariffs. bloomberg.com/news/articles/…

Federal Reserve Governor Michael Barr said the economy is on solid ground, but warned tariff-related supply-chain disruptions could lead to lower growth and higher inflation bloomberg.com/news/articles/…

Japan’s economy shrank for the first time in a year, illustrating its vulnerability even before sustaining the full impact of Trump’s tariffs bloomberg.com/news/articles/…

Australia’s “very large” fiscal stimulus at a time when monetary policy is around neutral — neither stimulating nor slowing economic activity — suggests the Reserve Bank should keep interest rates unchanged next week, bloomberg.com/news/articles/…

The selloff in Japan’s long-dated bonds is drawing international investors, who expect the securities to rebound as global trade turmoil abates bloomberg.com/news/articles/…

Factbox-Investment banks raise China’s GDP forecast after tariff pause By Reuters

Dovish BOJ policymaker urges pause in rate hikes on US tariff uncertainty By Reuters

New Zealand inflation expectations rise in Q2, central bank survey shows By Reuters

RBA to lower key rate by 25 bps on May 20, two more cuts likely this year: Reuters poll By Reuters

Analysis-Tariff cuts ease mass China layoffs threat, but job market pain persists By Reuters

Dollar at risk as Washington ducks deficit fix: Deutsche Bank By Investing.com

Fed’s Powell: Strategy around both jobs and inflation needs to be reconsidered By Reuters

US and UAE finalise technology framework agreement, source says By Reuters

Canada’s wholesale trade rises slightly in March, fueled by motor vehicles By Investing.com

US pending home sales decline amid economic uncertainty By Investing.com

Euro zone growth downgraded but employment holding up By Reuters

Euro zone industrial output unexpectedly surges in March By Reuters