Besent: There is structural inflation in the service industry

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As the US Iran peace talks continue and crude oil futures fall by 3%, US bond yields have decreased. According to a survey by The Wall Street Journal, pre-sale home sales in the United States, scheduled to be announced at 22:00 (UTC+8), are expected to increase by 1.6% in May and shrink by 6.2% in April. Despite the strengthening of the US dollar, yields continue to decline. Bannockburn analyst Marc Chandler stated that the exchange rate trend is influenced by the closing of short positions in the US dollar, while yields are driven by the resilience of the US economy.

The White House announced that President Trump will hold a press conference in Washington D.C. on Friday. (Golden Ten)

According to a report by Golden Ten, Michael McCarthy, a market analyst at Moomoo Securities in Australia, said that the price trend of the US stock market in the past seven trades is worrying, and when the market experiences rapid fluctuations in any direction, it is a signal of instability.

According to Bloomberg, Meta Platforms Inc. and Microsoft have each committed tens of billions of dollars in additional data center leasing expenses in their recent fiscal quarter, driving the total data center leasing commitments of large cloud computing companies to exceed $850 billion in the future. Regulatory documents show that tech giants are competing to expand their server clusters, with rental commitments increasing over the past year. These future lease costs are added to existing contracts and will not be reflected on the company's balance sheet until actual payments are made. Lease commitments typically target data centers and may also cover office or warehouse facilities. Some lease contracts contain specific clauses that allow the company to terminate future performance obligations when conditions are met.