U.S. April retail sales month-on-month recorded 0.1%, slightly higher than the market expectation of 0%, with the previous value revised from 1.4% to 1.5%. U.S. April PPI year-on-year recorded 2.4%, lower than the expected 2.5% and the previous value of 2.7%, marking a decline for the third consecutive month and hitting a new low since September last year; April PPI month-on-month recorded -0.5%, the lowest since April 2020, far below the market expectation of 0.2%, with the previous value at -0.4%. For the week ending May 10, the number of initial unemployment claims in the U.S. slightly increased to 229,000, in line with expectations.