Week InReview: May 12, 2023

Cooling down.

Stocks in Asia were set for a muted open after a mixed US session that saw Treasuries and the dollar rally on signals of a cooling jobs market and renewed concerns about the health of regional lenders. Data showed US initial jobless claims reached the highest since October 2021 while producer prices rose 0.2% in April, trailing economists' estimates for a 0.3% increase. US-listed Chinese stocks climbed the most in three months after earnings from boosted e-commerce stocks, and US National Security Adviser Jake Sullivan met with China's Wang Yi.

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