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                          U.S. Adds 115,000 Jobs in April With Solid Hiring Across Sectors

The U.S. economy added 115,000 jobs in April, exceeding expectations, while the unemployment rate held at 4.3%.
The Federal Reserve’s focus has shifted to inflation data, as the labor market steadied but inflation rose due to tariffs and the Iran war.
The U-6 underemployment rate rose to 8.2% in April, indicating more part-time roles, while consumer sentiment hit a near-record low.

                          China’s Factory-Gate Price Growth Beats Expectations as Mideast War Fuels Inflation

China’s factory-gate inflation climbed 2.8% in April from a year earlier, ending a 41-month deflationary cycle.
The consumer-price index in China rose 1.2% in April from a year earlier, accelerating from a 1.0% increase in March.
Rising global oil prices and increased travel demand boosted China’s consumer inflation in April, according to the statistics bureau.

                          India Asks Locals to Pause Gold Buying in Bid to Shore Up FX Defenses

Prime Minister Narendra Modi urged Indian citizens to stop buying gold for a year to defend the country’s foreign-exchange reserves.
The rupee has weakened since the Middle East war began in February, driving up oil prices and causing haven demand for the dollar.
Modi also urged citizens to reduce fuel consumption and overseas vacations; Indian jewelry stocks fell following the appeal.

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