1. The US Weekly Economic Index moderated, but remained solid and well above potential growth.

2. Existing home sales remained subdued, as elevated mortgage rates and weak consumer confidence continued to weigh on demand.

• The inventory of available homes also ticked higher, though the year-over-year growth has slowed considerably.

3. The job finding rate, which reflects the share of the unemployed in a previous month that becomes employed in the next month, fell to near the lowest level in over a decade.

4. Our financial conditions index is now looser than before the Iran conflict began.

5. Container volume at the Port of Los Angeles is at its highest level in years.

6. Americans age 55 and over hold $110 trillion in wealth.

• Here’s a look at asset allocation by generation.

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1. Spain has added the most jobs in the EU over the past few years, boosted by migrants.

2. Industrial production in Greece is strong.

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1. Norway’s month-over-month inflation accelerated in April.

• Producer price inflation jumped to its highest level since September 2022.

2. Retail sales in the Czech Republic strengthened.

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1. Japanese companies are securing credit lines at the fastest pace since the pandemic. Some firms reported declining working capital, slowing sales, supply chain disruptions, and higher oil prices.

2. The 10-year JGB yield rose to the highest level since July 1997.