[Market Analysis: High interest rates have become unfavorable to the banking industry] Torsten Slok, chief economist of Apollo Global Management, said that for banks, higher interest rates are not as good as they used to be. In the past, higher long-term interest rates have been good for banks because higher long-term rates have meant larger net interest margins. But that correlation has been broken since the Fed started raising rates last year. High interest rates are now bad for banks, as this has a negative impact on their assets, and high interest rates and an inverted yield curve increase the risk of a recession, which increases credit losses.

International Atomic Energy Agency (IAEA): In 2022, the number of Iranian atomic inspections will drop by 10%.

The U.S. import price index recorded a monthly rate of 0.4% in April, the largest increase since May 2022.

The annual rate of the U.S. export price index in April was -5.9%, expected to be -5.50%, and the previous value was -4.80%.

The monthly rate of the U.S. export price index in April was 0.2%, expected to be 0.20%, and the previous value was -0.30%.

The annual rate of the U.S. import price index in April was -4.8%, expected to be -4.80%, and the previous value was -4.60%.

U.S. Geological Survey: A 5.2-magnitude earthquake struck 4 kilometers northwest of Canon Dam, California.

ESMA: Liquidity and concentration risks identified in European gas derivatives markets.

Bank of England Chief Economist Peel: The view on the housing market is more optimistic than a year ago.

World Bank President Malpass: The breach of the US debt ceiling and the woes of the US economy are not good for everyone.

Bank of England Chief Economist Peel: The latest inflation outlook data shows that there is not much room for it to continue to grow.

Peel, chief economist of the Bank of England: Whether to further tighten monetary policy depends on the persistence of inflation.

Peel, chief economist of the Bank of England: The Monetary Policy Committee does not intend to give directional guidance for future interest rates.

Bank of England Chief Economist Peel: Confident that inflation will fall to the 2% target.

Bank of England Chief Economist Peel: The inflation outlook is moving in a "more favorable" direction.

Peel, chief economist of the Bank of England: The latest Bank of England policy reflects the persistence of inflation risks.

Peel, chief economist of the Bank of England: more work may need to be done to curb inflation.

Bank of England Chief Economist Peel: Expect to see a sharp drop in inflation.