RBA Economist Kohler: Energy costs will rise less than we predicted six months ago.

RBA Economist Kohler: Population growth is expected to boost employment growth.

RBA Economist Kohler: The drag on consumption from housing will be smaller than expected.

Reserve Bank of Australia Economist Kohler: Rapid population recovery may have unintended general effects.

RBA Economist Kohler: The strong performance of population growth has produced a significant change in our forecast.

[Secretary of the Russian Federation Security Council: NATO has deployed more troops in Eastern European countries] Russian Satellite News Agency reported on May 3 local time that Russian Federation Security Council Secretary Patrushev said that NATO has deployed more troops in Eastern Europe and upgraded military facility. In addition, dozens of military training centers for the Ukrainian army have been opened near the border with Russia. Patrushev said that NATO is increasing its political, military and economic pressure on Russia. NATO has deployed more troops to the Eastern European country, with about 60,000 U.S. troops stationed in the region. NATO has also upgraded military infrastructure in areas near the Russian border, increased the scale and intensity of combat training of troops, provided equipment and weapons to Ukraine, and opened dozens of military training centers for the Ukrainian army.

Traders are betting the RBA will scrap plans for additional rate hikes due to turmoil in U.S. banks.

Malaysia plans to attract 16.1 million foreign tourists this year, up 60 percent from last year.

The MSCI index of shares in Asia outside Japan fell 1%.

According to Nikkei Asia: NATO plans to set up a liaison office in Tokyo, Japan.

US Geological Survey: 5.0-magnitude earthquake struck 37 kilometers northwest of El Cardo, Peru.

S&P: First Republic will almost certainly default on any outstanding senior financial obligations given our view that the remaining asset base is insufficient.

South Korean Finance Minister Choo Kyung-ho: Fears of shrinking global economic growth are growing.

Korean Finance Minister Choo Kyung-ho: Aggressive monetary tightening has increased financial market volatility.

European Mediterranean Seismological Center: 5.4-magnitude earthquake hits Panama.

South Korean Finance Minister Choo Kyung-ho: South Korea and the Asian Development Bank will establish a climate technology center.

Australian Securities and Investments Commission (ASIC): ASIC has issued a temporary stop trading order for 26 investment products from 18 issuers since 1 July 2022, implying a total of A$6.6 billion invested by retail investors.

Australian Securities and Investments Commission (ASIC): Initial review finds significant room for improvement in how investment product issuers meet their design and distribution obligations.