*Japan’s inflation heats up* Japan’s Nikkei 225 added 0.6% as at 2 p.m. Singapore time amid news that the country’s core inflation heated up to 3.5% in April, the highest level since January 2023. ➡️ https://cnb.cx/4jkk4sy *Fed members might be protected* The U.S. Supreme Court on Thursday strongly suggested that Federal Reserve board members would have special protection against being fired by a president. ➡️ https://cnb.cx/3H3AckZ *China and U.S. hold first call since Geneva* U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau. ➡️ https://cnb.cx/43rQWcR *A warning sign from the equity market* Markets stabilized Thursday after the dual sell-off in stocks and bonds, but a key corner of the equity market is blinking a caution light on the economy, wrote CNBC PRO’s Jesse Pound. ➡️ https://cnb.cx/4jkk7oe _Get the latest updates: https://bit.ly/CNBCiWhatsApp_