Quick Overview

• The National Association of Realtors said existing home sales rose 2.9% MoM

• Malaysia's GDP shrank a sharper-than-expected 6.2% in Q1
  

• YoY Japan's export fell 38.1% in April, but rose 1.9% MoM
  

• A survey of 45 forecasters found three-quarters expect the economic downturn to end by Q3
  

• The USDA said:
  82% of the corn crop was planted, up from 62% last week. The five-year average for this date is 93%.
  48% of the soybean crop was planted, up from 25% last week. The five-year average for this date is 65%.
  79% of the spring wheat crop was planted, up from 50% last week. The five-year average for this date is 95%.
  61% of the cotton crop was planted, up from 42% last week.

• Global oil demand is picking up, supported by higher consumption in China, so said Ali Naimi Saudi Arabia's oil minister – he is predicting $80 oil as economies recover.