Spanish Automobile Industry Association (ANFAC): New car sales in Spain increased by 23.1% year-on-year in April.

Kremlin: US accusations that Russia violated the chemical weapons ban in Ukraine are groundless and Russia remains in compliance with the chemical weapons treaty.

Market News: Pakistan International Airlines suspends flights to UAE after rain/storm.

ICE robusta coffee futures fell more than 5% to $3,750 a tonne.

Norwegian government: Increase defense spending by NOK 7 billion in 2024.

ICE New York cocoa futures fell more than 7% to $7,670 a tonne.

Trump Media & Technology Group rose 7% in premarket trading after falling nearly 10% in the previous trading day.

European Commission President Ursula von der Leyen: The EU will provide Lebanon with 1 billion euros in financial aid until 2027, and the EU will provide the Lebanese Armed Forces with support for border management equipment and training.

Reuters poll: Bearish bets on the Thai baht and Philippine peso reach highest since October 2022.

Reuters poll: The Korean won has the most short positions among Asian currencies.

Reuters poll: Bearish bets on the Indonesian rupiah are at their highest since early November last year.

The Swiss government said Russia had not been invited to a June peace summit in Ukraine "at this stage".

Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, commented on the Eurozone Manufacturing PMI: "There is a lot of evidence highlighting the severe lack of demand, as evidenced by the rapid decline in new orders. At the same time, suppliers accelerated their delivery schedules in April and previous months, indicating sufficient logistics capacity, proving the lack of orders. This suggests that any apparent recovery will be delayed, most likely until the summer."

Maersk CEO: Global container shipping fleet will expand by 2-3% every quarter until the second half of 2025.

Norman Liebke, economist at Hamburger Commerzbank, commented on the French manufacturing PMI: French manufacturing output remained sluggish in April. Manufacturing continues to hinder the recovery of the overall economy, but this should only be temporary. The decline in the output index reflects the accelerated deterioration in demand. However, we expect a recovery in the manufacturing sector in the third quarter of this year. Manufacturers are building optimism as stronger domestic and foreign demand is expected and economic conditions are expected to improve. In addition, the slowdown in layoffs in the French manufacturing industry is also in line with a more optimistic outlook.

Maersk CEO: Container demand in the first quarter was stronger than we expected.

Brent crude oil stood at $84 a barrel, up 0.73% on the day.