Quick Overview

• U.S. Wholesale inventories fell 0.1%.


• The Bank of England kept its interest rate unchanged at 5.0%.


• The European Central Bank kept its interest rate unchanged at 4.0%.


• Canada’s housing starts fell 12% MoM.


• Australia's unemployment rate rose from 4.1% to 4.2% in April.
  


• In a bid to rein in soaring prices, India has extended its futures trading ban to four more food commodities.
  


• Ahead of the United States Department of Agriculture's next production and stocks update, Allendale Inc. is projecting an increase in soybean stocks, a decrease for corn and the biggest U.S. wheat crop since 2003.


• Wal-Mart Stores reported a 3.2% climb in U.S. same-store sales.