ISM® Manufacturing index Decreased to 55.4% in April https://t.co/JQXjT70McA The PMI® was at 55.4% in April, down from 57.1% in March. The employment index was at 50.9%, down from 56.3% last month, and the new orders index was at 53.5%, down from 53.8%.

— Bill McBride (@calculatedrisk) May 2, 2022

US Atlanta Fed GDPNow Q2: 1.6% (prev 1.9%) https://t.co/GIJHH2ZMsR

— LiveSquawk (@LiveSquawk) May 2, 2022

Update: Framing Lumber Prices: Down from Recent Peak, but increasing Recently https://t.co/Yk5MVYB4CB pic.twitter.com/z594555fgR

— Bill McBride (@calculatedrisk) May 2, 2022

30yr Fixed Mortgage Rates Now Over 5.5% https://t.co/dpYs6tZ8fe

— Bill McBride (@calculatedrisk) May 2, 2022

Home prices hit a new record high this week, even as we can see the tiny inklings of a market normalizing.

$425k for the median single family home. A few more weeks of rising prices before summer. $440k?

This week's @AltosResearch data for the real estate market. 🧵📽️👇

1/7 pic.twitter.com/bX5OmElH4z

— Mike Simonsen 🐉 (@mikesimonsen) May 2, 2022

US Treasury Announces Marketable Borrowing Estimates https://t.co/cpRd04Rvj1

— LiveSquawk (@LiveSquawk) May 2, 2022

🇺🇸 🌎 Manchin Eyes Tax on #Carbon-Intensive Imports in #Energy Package – Bloomberghttps://t.co/NFgfYrxCHM

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

🇺🇸 🇨🇳 U.S. trade chief Tai says all tools on table to beat #inflation, tariffs not top of list – Reutershttps://t.co/6lyuXCMi5o

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

🇺🇸 🇷🇺 U.S. says #Russia's progress in #Donbas has been "minimal at best" – Axioshttps://t.co/ZRmIOEdYQh

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

Mainland #China reports 368 local confirmed cases and 5,647 asymptomatic cases on May 2.
—#Shanghai reports 274 + 5,395 cases and 20 death cases.#Beijing reports 51 + 11 cases,#Jilin province reports 0 + 21 cases.
—
Source: NHChttps://t.co/YkdUXSqmlG pic.twitter.com/1t9P6LTx7t

— CN Wire (@Sino_Market) May 3, 2022

https://twitter.com/C_Barraud/status/1521354945362022401

The crazy China stories just keep on comings … Alibaba Recovers After Report on ‘Ma’ Briefly Erased $26 Billion https://t.co/HRKrwMohWN @technology

— Colum Murphy (@Colum_M) May 3, 2022

🇨🇳 #China | Latest data from Airportia data confirm air traffic bottomed in early April ⚠
*Link: https://t.co/caXp67Jqn6 pic.twitter.com/xxxEof9s9R

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

A measure of Australia’s consumer sentiment plunged 6% last week in response to expectations that a surge in inflation will prompt the Reserve Bank to raise interest rates https://t.co/yTkqL5872U

— Bloomberg Australia (@BloombergAU) May 3, 2022

South Korea’s inflation accelerated to the fastest pace since 2008 in April, intensifying pressure on the central bank to execute back-to-back interest-rate increases at its policy meeting https://t.co/A52JMJxQd0

— Bloomberg Economics (@economics) May 2, 2022

🇨🇳 #China | R&F, Agile, Shimao, Sunac, Logan and KWG's 74-94% plunge in April contracted sales suggest stricter virus-containment measures could take a heavy toll on distressed developers' home sales and liquidity – Bloomberg Intelligence pic.twitter.com/JYcxIsw8r2

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

🇦🇺 #Australia’s Bigger Than Expected Rate Hike Sends Currency Higher – Bloomberg
*Link: https://t.co/BfbNc89GxI pic.twitter.com/2hq3GBapIU

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

Kinda crazy.

Market implied RBA cash rate in December is 2.70% — basically markets see (right or wrong) more than 225 bps worth of hikes before the end of this year. pic.twitter.com/fdfh9E9HvP

— David Ingles (@DavidInglesTV) May 3, 2022

Japan has plenty of reasons to avoid directly intervening in currency markets to prop up the yen, especially ahead of the Fed’s expected rate hike on Wednesday, economists say https://t.co/pzjxBAkfwK

— Bloomberg Economics (@economics) May 3, 2022

New Zealand’s government will set a target for budget surpluses and introduce a new cap on debt that’s higher than previous limits https://t.co/Y77Nq1ZDBR

— Bloomberg Economics (@economics) May 3, 2022

Japanese Prime Minister Kishida is dispatching his foreign minister to attend the inauguration next week of South Korea’s new president, who had been seeking the premier’s attendance https://t.co/xIO1JXPWLi

— Bloomberg Economics (@economics) May 3, 2022

🇪🇺 *EURO AREA MARCH PRODUCER PRICES RISE 36.8% Y/Y; EST. +36.3%https://t.co/MqTxJiPvA7

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

🇪🇺 🇳🇱 Western #Europe’s Fastest Inflation Puts Dutch Data in Spotlight – Bloomberg
*Link: https://t.co/g9pfqARjbF pic.twitter.com/JjSXRB7ugh

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

German joblessness dropped at the slowest pace in a year, pointing to labor-market vulnerabilities as the war in Ukraine and surging inflation weigh on Europe’s largest economy https://t.co/ESzSStlCDT

— Bloomberg Economics (@economics) May 3, 2022

April data for the UK’s manufacturing sector pointed to a quicker expansion with the #PMI at 55.8 (Mar: 55.2). Inflationary pressures intensified, however, amid rising fuel, material and transportation costs. Read more: https://t.co/0IHh2h7Y3R pic.twitter.com/qbWu3mvfLx

— IHS Markit PMI™ (@IHSMarkitPMI) May 3, 2022

The Bank of England's expected to raise rates to a 13-year high on Thursday – its 4th-straight hike – and to clarify how it plans to start quantitative tightening (unchartered territory for central banks worldwide…)

A BOE preview with @PhilAldrick:https://t.co/E0136CMpGI

— Lizzy Burden (@lizzzburden) May 3, 2022

🇮🇹 #Italy Raises Windfall Tax on #Energy Industry Profits to 25% – Bloomberghttps://t.co/N29WqccwIr

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

🇩🇪 🇪🇺 🇷🇺 #Germany warns EU to expect economic cost from Russian #oil embargo – FThttps://t.co/ZJTKf4mq5j

— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2022

The latest updates on Russia's invasion of Ukraine https://t.co/DIJLXXlaJ0

— Bloomberg Economics (@economics) May 3, 2022

🇷🇺 Putin to undergo cancer surgery, transfer power to ex-FSB chief: report – New York Posthttps://t.co/QslZdtinE3

— Christophe Barraud🛢🐳 (@C_Barraud) May 2, 2022

https://twitter.com/C_Barraud/status/1521002280010584073