Global FX DATA:

• • • ASIAN MARKET
      
      Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
       
    • GOLD
      
      Gold prices edged higher on Thursday, as the dollar eased from 6-1/2-month highs hit earlier this week, with prices further supported by concerns over U.S.-China trade.
       
  • • OIL
      
      Oil prices took a dip on Thursday morning in Asia due to a surprise surge in inventories in the US, paired with expectations that other markets may decide to increase output next month.
       
    • INDIA
      
      India likely retained the position of world’s fastest growing major economy in the January-March quarter, surpassing China’s growth of 6.8 percent, driven by gains in manufacturing and consumer spending.
       
    • DOLLAR
      
      The euro won a reprieve on Thursday, holding on to the strong gains it made on Wednesday, as Italian leaders moved to mitigate political turbulence and avoid a potentially disruptive early election.
       
    • CRYPTO CURRENCY
      
      Cryptocurrency prices slid on Thursday amid tighter regulations worldwide and a South Korean Supreme Court ruling that cryptocurrency is an asset with economic value that can be confiscated. The news received some attention among the cryptocurrency traders.

    • US
      
      The United States will announce plans to impose tariffs on steel and aluminum from the European Union as early as Thursday morning, two people briefed on the matter said, confirming a report in the Wall Street Journal.

    • HONF KONG
      
       Hong Kong’s record-breaking private home prices rose at their fastest pace in a year in April, the latest government data showed, as the city’s scorching hot housing market shows no sign of cooling down.

    • CHINA
      
      China’s vast manufacturing sector grew at the fastest pace in eight months in May, blowing past expectations and easing concerns about an economic slowdown even as risks from trade tensions with the United States and a crackdown on debt point to a bumpy ride ahead.

    • SOUTH KOREA
      
      South Korean prosecutors raided the headquarters of Korean Air Lines Co Ltd over suspected embezzlement and breach of trust by members of its owning family, Yonhap News Agency reported on Thursday.

    • SRI NAGAR
      
      Thousands of people from Jammu and Kashmir headed back to their homes near the de facto border with rival Pakistan on Wednesday, after their armies agreed to stop exchanging artillery fire following repeated recent clashes.

    • JAPAN
      
      Japan's industrial output was well short of market expectations in April, official figures showed on Thursday, adding to fears for the outlook after the economy contracted in the first quarter.

    • NORWEGIAN
      
      Some 1,200 staff at Norwegian banks will go on strike on Thursday after negotiations over wages, pensions and other conditions broke down, the industry and the LO labor union said.