* Europe developing plans to respond to possible halt to Russian gas imports
* China industrial profits fell in April–first decline in two years
* US mortgage rates fell for second consecutive week, but still above 5%.
* Zuckerberg says Meta’s metaverse project faces ‘significant’ losses for 5 Years
* Stagflation worries are on the rise
* US GDP decline in Q1 was deeper than initially estimated
* US jobless claims eased last week amid tight labor market
* Policy-sensitive 2-year Treasury yield slips to 5-week low:
