US wholesale sales rose 2.0% MoM in April, below the 2.4% consensus and down from March's 2.8%.

China coke main futures contract fell 4.50% intraday, now at 1,948.50 yuan/ton.

Financial Times reports Apollo Global Management and Blackstone have agreed a $35bn private credit package to finance Anthropic’s growth plans. Proceeds will be used to help Anthropic purchase chips developed by Alphabet. The deal, led by the two private-equity firms, is among the largest private-credit financings to date and underscores investor willingness to fund AI-related data‑centre infrastructure and compute for firms including Anthropic, OpenAI and Meta. Apollo and Blackstone did not respond to requests for comment.