Brent crude tops $104, WTI near $99 as drone attacks and shipping disruptions fuel supply fears; Aramco CEO warns markets may not normalize until 2027.

China April CPI rises 1.2% YoY, above estimates; PPI jumps 2.8% vs 1.8% expected.

China's April CPI rose 1.2% year-on-year, above expectations of 0.9% and prior 1.0%. Core CPI also rose 1.2%. PPI surged 2.8%, well above the 1.8% estimate and prior 0.5%.

Japan intervenes to support yen, slashing bearish positions. The move highlights how official action is unwinding a crowded trade, Bloomberg reports.

Japanese authorities intervened to support the yen, leading to a significant reduction in bearish yen positions. The move underscores how official action is unwinding a crowded trade.

Oil prices surge 2.69% to $104 after Trump rejects Iran's response to US proposal to end the war. Brent crude rose to $104.01 a barrel by 23:36 GMT Sunday, extending Friday's 1.23% gain.

Oil prices rose after Trump rejected Iran's response to a US proposal to end the war. Brent crude increased 2.69% to $104.01 a barrel by 23:36 GMT on Sunday.

CSL cuts full-year outlook, flags ~$5B in additional impairments, says turnaround will take longer than expected

CSL cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected.