CHINA APRIL RARE EARTH MAGNET EXPORTS TO JAPAN AT 188.7 TONNES, UP 2.5% M/M - CUSTOMS

VENEZUELA'S OIL MINISTER SAYS INTERIM GOVERNMENT HOPES FOR RETURN OF FOREIGN INVESTMENT TO ENERGY INDUSTRY

Goldman Sachs said global equities remain near highs despite the Strait of Hormuz closure and worsening growth-inflation dynamics, supported by strong corporate earnings and higher nominal global GDP. The bank said S&P 500 earnings forecasts for 2026 and 2027 have been revised higher due to AI investment and elevated energy prices. Goldman added that the rally has been heavily concentrated in tech, media and telecom shares, while warning that higher oil prices, persistent inflation and rising bond yields could trigger a near-term equity correction.