Quick Overview

• U.S. personal incomes rose 1.4% in May
  

• U.S. consumer spending rose 0.3%.
  

• U.S. savings rate rose 6.9%, the highest in 15 years.
  

• University of Michigan consumer sentiment index rose from 68.7 to 70.8
  

• QoQ New Zealand’s GDP fell 1.0%
  

• YoY Japan’s CPI fell 1.1% in May
  

• (FT) The People's Bank of China repeated its call for the world to cut its reliance on the dollar, saying it saw serious defects in one currency dominating the global monetary system
  
  

• The USDA said the U.S. produced 2.18 billion pounds of beef in May, down 8% YoY
  

• The USDA said the U.S. produced 1.72 billion pounds of pork in May, down 5% YoY