BofA Weekly Total Card Spending (w/e 23rd May) +5.7% (prev. +4.8% W/W); consumers continue to spent a healthy pace, even as the tailwind from the OBBBA-related stimulus is behind them

[MARKET ANALYSIS] Quiet trade across G10 FX, with the Buck marking May highs and the Aussie continuing declines not seen in a decade

[MARKET ANALYSIS] Crude rises on a US-Iran flare-up, but wanes off best levels amid no further escalation (thus far)

BofA Weekly Total Card Spending (w/e 23rd May) +5.7% (prev. +4.8% W/W); consumers continue to spent a healthy pace, even as the tailwind from the OBBBA-related stimulus is behind them

Daily US Equity Opening News - FDXF to join S&P500; CRM down on guidance; MRVL falls despite stronger guidance; SNOW surges on results, AWS deal; DELL wins USD 9.7bln Navy contract; HPQ pares after narrowing outlook; META faces USD 38-40bln Kentucky claim

Hong Kong Exports YoY (Apr) Y/Y 42.9% (Prev. 35.8%)