"Enjoy Cucumber and Onion Without Worry"... Producer Prices Plunge for First Time in Six Months [3-Minute Brief]

[At a Glance]
①Cucumber down 35%, onion down 15%... Producer prices drop for the first time in six months
②Trump notifies Harvard of revocation of international student enrollment eligibility
③Surge in loan demand leads to open runs for mortgage loans at some bank apps

MARKET INDEX : Year to date

○US New York Stock Exchange: Focus on PCE and Nvidia earnings

○Trump signals tariff bomb... Heightened tensions

○Attention on US Personal Consumption Expenditures (PCE) Price Index

Top3 NEWS

■ Producer prices fall for the first time in six months... Cucumber and onion prices plunge

○Producer Price Index in April dropped 0.1% from the previous month
○International oil prices fell and agricultural shipments increased... Industrial goods and agricultural, forestry, and fishery products down
○Oil prices continue to decline in May... Possibility for consumer price stabilization going forward increases

■ Trump's 'ideological war' goes too far... Harvard to bar international students (Comprehensive)

○End of funding support and revocation of international student enrollment eligibility
○Secretary of Homeland Security: "Similar measures for other universities"
○Crackdown on universities over issues of anti-Semitism and progressive tendencies

■ "All gone before 9am"... 'Extremely difficult' bank loan open runs

○Open runs for mortgage loans at some banks, including KB Kookmin Bank and KakaoBank
○Last-minute demand surges ahead of phase 3 DSR implementation in July
○Banks on alert for possible increase in household loans

Graphic News: BYD overtakes Tesla in Europe for the first time... "Market watershed"

○Tesla sales in April: -49%... BYD up 169%

○Tesla continues to struggle in the European market for several months

○BYD has already surpassed Tesla in global sales

the Chart: Q1 net profit of domestic banks up 29%, effect of ELS compensation disappearing

○Net profit of domestic banks in Q1: 6.9 trillion won

○Up 28.7% compared to the same period last year

○Base effect from ELS compensation payments in Q1 last year

Today's Key Schedule

○Domestic

○International

15:30 Switzerland Employment Level (Q1)

16:00 Spain Producer Price Index (YoY) (April)

17:30 Hong Kong Imports (MoM) (April)

23:30 Speech by Christine Lagarde, President of the European Central Bank

◇Lunch & Commute Weather

○Lowest temperature 13℃(▲1℃) ｜Highest temperature: 26℃(▲2℃)
○Precipitation probability: 0% in the morning｜0% in the afternoon
○Fine dust: Moderate in the morning｜Moderate in the afternoon

All you need in 3 minutes: essential, value-for-time economic news. Published daily at 8:00 AM.