Market Regulator of India: Requires clearing of all client funds issued by bank guarantees by September 30 and bans creation of new bank guarantees on client funds from May 1.

Spot gold hit $1,980 per ounce, down 0.46% on the day.

Spot silver fell by 1.00% in the day and is now at $24.90 an ounce.

The yield on the U.S. 2-month Treasury note rose as high as 5.116%, the highest level since 2018.

General Motors sold 864,000 vehicles in the first quarter.

S&P: Adani Ports reduces refinancing risk through bond buybacks.

KOTECKI, member of the Central Bank of Poland: The Polish economy will slowly recover from the third quarter, and there is no room for interest rate cuts this year.

Russian Deputy Energy Minister Sorokin: I hope that freight rates will return to normal within a year or so.

Broadbent, deputy governor of the Bank of England: There are signs that wage pressures are starting to ease, but the pressure has not been fully relieved.

Bank of England Deputy Governor Broadbent: We do not rule out specific monetary policy adjustments in advance.

Broadbant, deputy governor of the Bank of England: There have been signs of declining price pressures in recent months, although the latest inflation data has turned higher.

COMEX silver futures fell by 1.00% in the day and is now at $25.06 per ounce.

Bank of England Deputy Governor Broadbent: Using the word "spiral" to describe inflation is too strong.

Bank of England Deputy Governor Broadbent: The UK is experiencing the second round of inflation.

The financial website Forexlive commented on the difference in CBI industrial orders in April: British factory orders contracted again, and the monthly data was the same as in March, hitting a low of more than two years. The good news is that quarterly business optimism improved to -2 from -5 previously, and while still in negative territory, it is the highest since at least October 2021.

The average unit cost for UK CBI manufacturing over the past three months was +50, down from +64 in January and the lowest since April 2021.

According to a Reuters/Ipsos poll: Polls show that a majority of registered U.S. voters do not want either Biden or Trump to run for president in 2024.

According to a Reuters/Ipsos survey: 44% of registered Democratic voters said they do not want President Biden to seek re-election in 2024.

The expected difference in CBI industrial output in the UK in April was 8, compared with the previous value of 12.