- Hiring in the United States slowed in May to the weakest in nearly two years, the Labor Department reported Friday. Nonfarm payrolls increased by 78,000 and the unemployment rate declined to 5.1% from 5.2%.
- The ISM's index of U.S. services fell from 61.7 to 58.5 in May, lower than expected, but still a sign of growth.
- An index of service activity in the U.K. dropped from 56.5 to 55.1 in May, still a sign of growth.
- Retail sales in the Euro zone were down 1.2% in April and down 0.9 YoY.
- ED&F Man expects the 2004-2005 world cocoa crop to fall short of consumption by 175,000 tons. The International Cocoa Organization recently estimated a 44,000 ton production deficit.
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