Statistics South Africa: South African platinum group metals production rose 10.5% year-on-year in March.

OPEC Monthly Report: OPEC+ crude oil production averaged 33.19 million barrels per day in April, down 1.74 million barrels per day from March, as the war in Iran prompted Middle Eastern member countries to cut production.

US Dollar: 1. US April PPI annual rate reached 6%, a new high since December 2022, exceeding market expectations of 4.9%. US April PPI surged 1.4% month-on-month, with both goods and services prices rising. 2. Fed's Collins: Patience with rising inflation is waning, and interest rates may need to remain high for a longer period. 3. White House: Kevin Warsh has been confirmed as Fed Chair. 4. US Senate approves Kevin Warsh as Fed Chair. 5. New York Fed: Trading desk plans to conduct approximately $16.3 billion in reinvested bond purchases from May 14 to June 11. 6. Fed's Kashkari: Inflation is currently too high. The Iranian shock has disrupted the inflation environment. The labor market appears to be remaining stable. 7. Fed survey: 63% of respondents said they could handle a $400 emergency expense in cash or equivalent by 2025, unchanged from 2024. Euro: 1. ECB Governing Council member Kochel: A June rate hike is not the ECB's baseline scenario; if the war situation does not improve, it will be difficult to maintain the current interest rate. 2. ECB Chief Economist Lane: The spread of the Iranian shock may be more limited than in 2022, but its intensity and speed will exceed historical averages. 3. ECB Governing Council member Mueller: The Strait of Hormuz issue needs to be resolved as soon as possible if the ECB is to hold rates steady in June. Pound Sterling: 1. British media reports that the Health Secretary is preparing to resign and run for Labour Party leader. 2. Reuters poll: 27 out of 56 economists believe the Bank of England will maintain bank rates at 3.75% this year. 3. According to a Reuters poll: 59 out of 70 economists surveyed expect the ECB to raise deposit rates to 2.25% in June, compared to 44 out of 85 economists surveyed in April. 4. Bank of England Monetary Policy Committee member Mann: Recent government bond volatility is closely related to interest rate decisions. 5. Bank of England Deputy Governor Brident: Interest rate hikes cannot be postponed indefinitely, but immediate action is not needed in June or July. Japanese Yen: 1. Former Bank of Japan Governor Haruhiko Kuroda: The USD/JPY range of 120-130 is considered an equilibrium level based on Japanese economic fundamentals. 2. Japan is considering compiling a supplementary budget to alleviate the burden of household fuel costs. Other: 1. Governor of the Central Bank of Iran: There is no problem with the foreign exchange supply needed for pharmaceuticals. 2. Bank of Canada meeting minutes: Members unanimously agreed that there is currently room for patience. 3. Governor of the Swedish Central Bank, Töden: There are still sufficient reasons not to adjust monetary policy. However, the longer the supply shock lasts, the greater the likelihood of a policy rate hike.