Good afternoon. Here’s what you need to know to end your day.
- China’s recovery in doubt as eco stats miss estimates.
- Morgan Stanley mulls Asia job cuts; China hardest hit.
- Cannes Film Festival kicks off with Depp and DiCaprio.
China’s latest economic data miss consensus across the board in a sign the recovery is losing steam. Turnover in Chinese shares continues to slow, and the nation’s youth jobless rate soars to a record. AI is as hot as ever.
- China’s industrial output rose 5.6% from a year earlier in April, while retail sales climbed 18.4%. Growth in fixed-asset investment slowed to 4.7% in ...
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