- Merrill economist David Rosenberg says “if the Fed hikes after the raft of soft data posted in recent weeks, then we can only draw the conclusion that in the name of rebuilding anti-inflation credibility, the central bank is willing to sacrifice the economy”
- YoY Brazil's industrial output fell 1.9% in April.
- Index of services in the Euro zone increased from 58.3 to 58.7 in May, the highest in five years.
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