Overview

• The US and China agreed to a 90-day rollback of most tariffs, temporarily easing trade tensions and averting further economic disruptions.
• China's industrial output grew 6.1% in April, exceeding forecasts but slowing from March's 7.7%, reflecting resilience despite earlier tariff hikes.
• Retail sales in China rose 5.1% in April, missing expectations and underscoring weak domestic consumption as a persistent challenge.
• India's manufacturing PMI climbed to 58.2 in April, its highest in 10 months, driven by strong domestic and international demand.
• China's property sector continues to struggle, with new-home prices declining 0.12% and used-home prices falling 0.41% in April, despite government stimulus efforts.