Quick Overview

• U.S. durable goods orders rose 1.9% in April -- stronger than expected.
  

• U.S. jobless claims fell 13,000 last week to 623,000.
  
  

• YoY Japan's retail sales fell 2.9% in April

• Japan’s industrial production rose 5.2% MoM

• Swiss April Trade Balance out at 2.56B vs. 0.12B in March.

• Germany’s May Unemployment Rate out at 8.2% vs. 8.4% expected and 8.3% in April.
  

• Euro Zone May Consumer Confidence was steady at -31 vs. -30 expected
  

• YoY Russia’s GDP fell 10.5% in April.
  

• South Africa’s lowered its benchmark interest rate by 1% to 7.5%
  

• OPEC met and kept official production levels unchanged
  

• The U.S. mortgage delinquency rate rose to 9.12% and the share of loans entering foreclosure rose to 1.37%.

• According to the U.S. Census Bureau MoM U.S. new home sales rose 0.3%, but fell 34% YoY

• The U.S. Department of Energy said:
  Supplies of crude oil fell 5.4 million barrels to 363.1 million barrels.
  Supplies of gasoline fell 600,000 barrels
  Supplies of heating oil rose 1.1 million barrels.
  Refinery use rose from 81.8% to 85.1%
  Gasoline demand fell 0.4% YoY
• Distillate demand fell 9.9% YoY