macro

South Korea stepped up verbal intervention to counter the won’s decline against the dollar, warning that authorities would “take decisive actions if necessary” to stabilize the currency.

A key measure of euro-area pay growth slowed, providing some relief to European Central Bank officials worrying about emerging inflation risks from the Iran war.

European Central Bank President Christine Lagarde stressed that long-term inflation expectations are still broadly in line with the 2% target, despite deepening fallout from the Iran war.

Analysis-ECB, banks rift hampers Europe’s efforts to loosen reliance on US payments giants

Japan April CPI eases to 1.4% Y/Y; core inflation underperforms at 1.4%

InPost says FedEx-led $9 billion buyout offer to open on May 26

Indian investors are watching global markets closely. A few big tech stocks, especially those in artificial intelligence, are driving the current rally. However, rising oil and commodity prices could bring back inflation. This situation puts pressure on central banks. Bond yields are also increasing

Modi's Europe trip yields tech, defense deals to cut China, US reliance

India’s central bank may need to draw on its 2013 taper tantrum playbook and earlier balance-of-payments crises to mount an effective defense of the beleaguered rupee.

Core inflation — which strips out prices of fresh food — was lower than the 1.7% expected by economists polled by Reuters and below the 1.8% reading in March.