- Consumer sentiment fell in mid-May, according to a University of Michigan
index issued Friday that registered a drop to 85.3 from an April level of 87.7.
- Mexico's central bank held monetary policy steady on Friday after core inflation moved lower in April, easing fears that consumer prices may again be rising too high.
- Russia struck a landmark deal on Friday to repay up to $15 billion it owes to the West, sealing its rapid transformation from economic basket case to emerging markets powerhouse.
- Machinery orders in Japan were up 1.9% in March, stronger than expected. but the government forecast a fall in the following three months, a reminder that the economy's recovery is still shaky.
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