- The Mortgage Bankers' Association’s index of mortgage applications fell 7% as interest rates reached seven-month highs.
- Concerns about inflation trumped fears about the slumping housing market last month in the minds of Federal Reserve members.
- China hiked its tax on securities transactions to 0.3% from 0.1% in its strongest effort yet to cool a bull run.
- Japan's industrial production fell 0.1% in April.
- Australia's retail sales rose 0.1% in April.
- Malaysia's economy grew 5.3% YoY.
- Norway raised rates 0.25 %, the seventh hike since May 06.
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