Global markets are under pressure as inflation and geopolitical tensions intensify. U.S. April CPI and PPI data exceeded expectations, leading to a surge in U.S. Treasury yields, with the 30-year yield surpassing 5.1%, its highest since 2007. The appointment of Kevin Warsh as Fed Chair has prompted markets to anticipate prolonged high interest rates, with potential future hikes. Geopolitical tensions in the Middle East have escalated, with U.S.-Iran nuclear talks postponed and vessel attacks in the Strait of Hormuz pushing WTI crude prices above $103. In the UK, political turmoil following poor local election results has pressured Prime Minister Starmer, leading to significant declines in UK markets. Meanwhile, the U.S. Dollar Index rose for the fifth consecutive week, while gold and silver saw volatile trading. India increased its gold import tariff to manage foreign exchange pressures, and Samsung Electronics faces a potential strike involving over 50,000 workers in South Korea.