- U.S. Housing starts were down 2.1% MoM and down 26% YoY. Building permits were up 3% MoM.
- China sold $5.8 billion of U.S. T-bonds in April, the biggest monthly sale in seven years.
- Investor confidence in Germany dropped from 24 to 20.3 in June, more than expected.
- Australia’s wheat crop will total 22.5 tons, down from a previous estimate of 25 tons due to dry conditions.
- Liaoning province in northeast China is having its worst drought in 30 years. Some 7% of China's corn and 5% of its wheat come there.
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