NVIDIA CEO Jensen Huang said that, despite ongoing supply constraints, the company’s supply for both standalone CPU and CPU–GPU combined platforms is sufficient to support strong demand growth.

The Australian Department of Agriculture's first survey estimates the 2026/27 winter wheat crop at 26.7 mln tonnes, a 26% decline YoY and below the five- and ten-year averages. Plantings are estimated at 10.9 mln ha, down 12% and the smallest since 2019/20. The department cites severe drought, weak global wheat prices narrowing returns versus other crops, and higher production input costs—notably fuel and fertilizer—linked to Middle East war-related disruption in the Strait of Hormuz.

Bank of England mortgage approvals unexpectedly rose to 65,945 in April from 63,979 in March, beating economists' 62,000 forecast and marking the highest level since January last year. The rise, amid geopolitical fallout from the Iran conflict, may reflect borrowers rushing to lock in mortgages ahead of anticipated further rate hikes, though economists note May house-price data show the property market has lost momentum. Two-year fixed mortgage rates are 5.68%, roughly 90bps above late February (pre-US/Israel strikes on Iran), but have eased from recent peaks.