- Worried about inflation, Federal Reserve policymakers at their May meeting considered raising a key interest rate by half a percentage point before opting for a quarter-point increase.
- The National Association of Purchasing Management's Chicago index of business activity increased from 57.2 to 61.5 in May, stronger than expected.
- Brazil's central bank lowered its benchmark lending rate on Wednesday to 15.25 percent from 15.75 percent, the eighth straight cut.
- Canada's GDP was up 0.1% in March and up 3.2% YoY
- Retail sales in Germany were up 2.8% in April, more than expected.
- Eurostat estimated 2.5% inflation in the Euro zone in May.
- YoY India's GDP was up 9.3% in the first quarter of 2006
- YoY Malaysia's GDP increased 5.3% in the first quarter.
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