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US S&P Global Manufacturing PMI Flash (May) 55.3 vs. Exp. 53.8 (Prev. 54.5, Low. 53.2, High. 55)

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BYD (1211 HK) is in talks to enter F1, FT reports

A senior Iranian official denied to Al Jazeera reports that Supreme Leader Khamenei has issued a new order requiring enriched uranium to remain inside Iran, saying they are “propaganda by the enemies of the deal”

US S&P Global Manufacturing PMI Flash (May) 55.3 vs. Exp. 53.8 (Prev. 54.5, Low. 53.2, High. 55)

Airbus (AIR FP) plans to appeal the earlier court ruling that found the co. and Air France (AF FP) guilty of corporate man slaughter over the 2009 plane crash

Belarus President Lukashenko says we will work with Russia to protect our countries in case of aggression, according to local press

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  • "May PMI indicates that the economy will struggle to manage annualised GDP growth of much more than 1% in the second quarter. However, even this subdued pace of growth may not last."
  • "Demand also looks set to cool further in response to rising prices. Firms’ costs have jumped higher at a pace not seen since the energy price shock of 2022 and are being passed on to customers in the form of sharply higher selling prices." 
  • "The survey price gauges therefore indicate that inflation looks set to rise further just as the economy cools.”
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