Bank of England: In April, UK firms expected prices to rise 3.8% and expected wages to increase 3.4% over the next year.

A-share insurance sector rose; China Life gained over 5%, New China Life Insurance climbed over 4%; PICC, Ping An and CPIC also traded higher.

Daly said Fed policy is currently in a good place but the economic outlook is too uncertain to signal a clear path for rates, so providing forward guidance is inappropriate. She identified inflation—driven by rising energy and food prices—as the Fed's primary concern and said returning inflation to target is the top priority. Daly said current data do not show clear productivity gains from AI, but she is optimistic and views 2027 as a potential litmus test; she sees no financial-stability risks from AI-related investment.