The U.S. dollar (USD) is heading for its first weekly loss in nearly a month, pressured by a combination of underwhelming domestic economic data and a lack of progress in critical trade negotiations. Investor focus has turned sharply toward the upcoming U.S. nonfarm payrolls (NFP) report, expected later Friday, which could significantly influence expectations for Federal Reserve policy. Market sentiment remains fragile as concerns mount over the broader implications of the Trump administration’s tariff strategy and its effects on growth.

Cathay Pacific Airways Ltd. $0293.HK is facing new operational and pricing challenges at its low-cost subsidiary, HK Express, due to a steepening decline in airfares across regional routes. The pressure comes as intensified competition follows the opening of Hong Kong International Airport's third runway in November 2024, enabling a surge in available flight slots.

Australia’s residential property market surged again in May 2025, marking the fourth consecutive monthly increase in home values. Fueled by falling borrowing costs and renewed expectations of further interest rate reductions, housing prices reached an all-time national high. According to real estate analytics firm Cotality (formerly CoreLogic), the average dwelling value in Australia rose 0.5% month-over-month to AUD 831,288 (approx. USD 536,015). This price level surpasses the previous peak and reflects a 3.3% annual increase.