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European Central Bank (ECB) Raises Main Refinancing Rate to 2.40%, Up from 2.15%

POSSIBLE WASHINGTON–TEHRAN DEAL NEARS FINALIZATION

Work is underway to finalize the text of a Washington–Tehran agreement, according to Al Hadath sources, with negotiations reportedly advancing in earnest.

Sources say a final deal could be announced within hours if Pakistan’s army chief does not travel to Iran, suggesting key diplomatic steps are nearing completion.

rose nearly 60$ after the news

President Trump is greeted by a formal state welcome and massive fanfare in Beijing ahead of his meeting with Chinese President Xi Jinping.

April PPI Inflation surges to 6.0%, well above expectations of 4.9% and the highest level since January 2023.

Core PPI Inflation rose to 5.2%, above expectations of 4.3%.

Both CPI and PPI Inflation are now officially at 3+ year highs.

Odds of rate HIKES are rising.