May 15, 2026
United States:
US Industrial Production Rises by Most in Over a Year
US industrial production rose in April by the most in over a year, pointing to nascent momentum in the sector.
The 0.7% increase in output at factories, mines and utilities followed a revised 0.3% drop in March, Federal Reserve data out Friday showed.
Europe:
Gilts Slump as Investors Brace for Burnham Challenge to Starmer
UK government bonds tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.
The yield on 10-year gilts jumped 15 basis points to 5.14%, the highest since 2008, with global concerns about high energy costs and inflation also driving the move.
Asia:
Japan Producer Prices Jump by Most Since 2014, Backing BOJ Hike
Japan’s corporate goods prices surged in April by the most in 12 years, in another sign of how the war in Iran is boosting inflationary pressures and supporting the case for the Bank of Japan to raise interest rates.
The measure of input prices for Japanese firms rose 2.3% from a month earlier and March’s increase was revised higher, the Bank of Japan reported Friday.
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