US goods imports fell by a record 19.8% in April, reversing previous "front-loading" ahead of Trump-era tariffs, and sharply narrowing the trade deficit.
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South Korea’s card spending rose 2.9% year-on-year in April to 103.7 trillion won ($75.6 billion), with credit card usage up and debit card spending down, according to the Credit Finance Association.
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US pending home sales fell 6.3% in April to 71.3, sharply missing forecasts, as higher mortgage rates and economic uncertainty weighed on demand, with declines seen across all regions.
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US durable goods orders fell 6.3% in April, marking the first decline in five months, as a steep drop in non-defense capital goods orders signals weakening business investment sentiment.
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