Global-Market Insights 1/n-The US markets closed higher with Nasdaq hitting All-time High despite above estimated WPI data, now focus on CPI today-Dow +127, S&P500 +25, Nasdaq +123

-Investors digested and well accepted Fed Chair J. Powell comment after WPI data
-Powell said the latest WPI was more mixed than hot considering prior data was revised lower

-Data shows WPI increased 0.5% MoM in April, above market expectations of 0.3%, and compared to 0.1% decline in March
-Also, the core rate, was up by 0.5%, above estimates of 0.2%
-Dollar index fell 0.17% to 105.01
-US 10Y bond yield fell 3.2 basis points to 4.449%, from 4.481%

-The US unveiled a bundle of steep tariff increases on Chinese imports including electric vehicles, computer chips. critical minerals and medical products
-US listed shares of Chinese EV maker Li Auto fell more than 2% while Tesla gained more than 3%

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