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US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data.

Iran's Supreme Leader says its enriched uranium must stay in the country, Reuters is reporting this morning. Those headlines sent oil prices higher. On Wednesday President Donald Trump said the US was in the "final stages" with Iranian diplomacy. Bloomberg's Annmarie Hordern reports.

Beata Manthey, European equity strategy head at Citi, discusses the bond market selloff and says it is "not necessarily bad" for index-level equities. "EPS growth in Europe for the index-level is going up, not down," Manthey tells Bloomberg Television. "But it is happening in this very narrow fashion."

J.P. Morgan is warning that India's corporate earnings outlook faces rising risks from higher oil prices and prolonged Middle East tensions, with potential downside for equities and the rupee. The bank says elevated energy costs could pressure margins, weaken demand and force earnings downgrades if disruptions persist. The segment explores what this means for Indian markets, valuations and policy choices as the Reserve Bank of India balances currency stability against growth concerns. Rajiv Batra, Head of Asia and Co Head of Global Emerging Markets Equity Strategy at J.P. Morgan, spoke with Haslinda Amin on Insight with Haslinda Amin.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Indonesian President Prabowo Subianto has announced the creation of a new state entity under sovereign wealth fund Danantara to oversee commodity exports. Sources tell Bloomberg the move has shocked even some of the president's own officials.

JPMorgan Global Banking Co-Head Filippo Gori describes the US economy as an "incredible engine" that continues to attract capital, while noting that Asia is also booming, citing strong IPO momentum. He remains positive on the Middle East as well, viewing it as a key growth opportunity for the bank. Gori speaks exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit.

JPMorgan APAC CEO & Banking Head Sjoerd Leenart discusses the bank's strategy to capitalize on growth opportunities in different markets in Asia. He speaks with Haslinda Amin from the sidelines of the JPMorgan Global China Summit.

Kevin Foley, Co-Head of Global Investment Banking at JPMorgan, says deal-making activity remains strong globally despite the higher rates environment and inflationary pressures. He expects IPO activity to grow significantly in Hong Kong and mainland China, particularly in the AI and healthcare sectors. He spoke exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit.

Krace Zhou, Founder & CIO at StillBrook Capital, explains why Chinese EV bus manufacturer Yutong Bus is a so-called "hidden gem." Zhou also shares her views on the broader Chinese market with David Ingles and Yvonne Man on the sidelines of the SOHN Hong Kong Conference.