China's exports surge 19.4% in May as early U.S. jobs data shows resilience despite Iran war

—China's exports jumped 19.4 percent in May compared to a year earlier, suggesting that trade disruptions from the Iran conflict have not derailed the country's export machine. Separately, early U.S. labor market indicators pointed to renewed job market strength, offering tentative evidence that the American economy is weathering the war's effects better than many anticipated. The data provided a counterpoint to recession fears that have dominated economic forecasts in recent weeks.