Other news

According to Reuters, Japan's wholesale inflation reached 4% in April. Japanese officials stated that Donald Trump's sweeping US import tariffs, announced in early April, have not caused much damage to the country's economy. This is largely due to a drop in global trade tensions.

Member of the Bank of England's Monetary Policy Committee Catherine Mann explained her decision to support a pause in interest rate cuts at the regulator's last meeting in an interview with CNBC. She said her stance was driven by a more-resilient-than-expected labor market.

Tons of accumulated copper scrap in US inventories are finally starting to decrease due to a temporary easing of US-China trade tensions.

IntoTheBlock data shows a 41% surge in large Dogecoin transactions over the past day, signaling renewed institutional interest in the cryptocurrency.

British companies are expressing concern about possible staff shortages in key economic sectors caused by stricter immigration rules. Experts interviewed by CNBC stated that rapidly restricting access to the global talent pool could negatively impact the economy of a country.

Argentina has made a major breakthrough in its mining sector with the discovery of a deposit containing an estimated 80 million ounces of gold and silver, along with 12 million tons of copper. According to Earth.com, the country is poised to become a major player in the global metals market.

According to data published by Reuters, consumer activity and retail sales in the UK increased significantly during the Easter celebrations. As reported by the British Retail Consortium, the volume of goods sales increased by 7% compared to April last year.

Australian wage growth in the first quarter exceeded expectations. Analysts at Bloomberg see this as evidence of a tight labor market in the country. Wage growth during said period reached 3.4% year-on-year and 0.9% quarter-on-quarter.

India’s government is preparing a response to a case on copper import restrictions filed by two trade groups. However, industry associations warn that such a move could hand three big local players a monopoly over the market, according to Reuters sources familiar with the matter.

May 19 could be a momentous day for Ripple holders, as the world's largest derivatives exchange has officially confirmed its plans to add XRP to its suite of digital assets, following the recent launch of similar financial contracts for Solana.