- Consumer personal spending rose 0.6% in April, while personal incomes were up 0.5%. The core rate of personal consumption spending was up 2.1% YoY up from 2.0% in March.
- The University of Michigan's consumer sentiment index dropped from 87.4 to 79.1 in May, about as expected.
- Consumer prices in Japan were up 0.3% in April and up 0.4% from a year ago. Finance Minister Sadakazu Tanigaki said that Japan's economy remains in deflation, although price conditions are improving.
- The Barclays silver ETF posted its first decline in holdings.
- The National Weather Service's 6 to 10-day forecast is expecting above average temperatures and below average rain for the winter wheat states of Kansas, Oklahoma, and Texas.
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