U.S. April factory orders +4.8% MoM vs +4.6% expected; March revised up to +1.8% from +1.5%.

Fed's Williams said he is not overly concerned about the persistence of current inflation.

Beijing Municipal Bureau of Economy and Information Technology director Jiang Guangzhi said the city’s digital security industry exceeds 100 billion yuan and ranks first nationwide. He said Beijing has taken an early lead in model evaluation and AI security governance as AI raises more complex security challenges, becoming a primary source of China’s digital-security industry. The city aims to be a global digital-economy benchmark by 2030, will accelerate R&D on key core technologies and upgrade data-security industry capabilities to build a new digital-security ecosystem.