US Export Prices YoY (Apr) Y/Y 8.8% (Prev. 5.6%)
The sharp increase in US export prices year-on-year from 5.6% to 8.8% indicates significant upward pressure on prices, which could contribute to inflationary concerns.
"The ceasefire between Israel and Lebanon will be extended for an indefinite period", Sky News Arabia reports
Israeli Defence Minister Katz says the Iran mission is not over; Israel is prepared for the possibility that we may need to act again
US Export Prices YoY (Apr) Y/Y 8.8% (Prev. 5.6%)
Russia is looking forward to direct contacts with Chinese President Xi that are not linked to US President Trump’s visit to China, TASS reports
UK Health Minister ally says to Sky's Rigby, Streeting has not decided to trigger a challenge/immediate contest, PM Starmer needs to set out a timetable; Mail's Hodges says "I am told the bulk of the cabinet will now move in behind this position as well"
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This notable rise suggests stronger demand for US goods abroad and may signal a policy response from the Fed regarding interest rates, as they weigh growth against inflation dynamics.
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