Quick Overview

• A second larger Icelandic volcano, Katla, has shown signs of imminent eruption, again threatening the movement of aircraft in Europe and eastern North America.
  "We conclude that given the high frequency of Katla activity, an eruption in the short term is a strong possibility. It is likely to be preceded by new earthquake activity," said a paper from the University College of London Institute for Risk and Disaster Reduction.
  

• The Institute of Supply Management's index of manufacturing fell from 60.4 to 59.7 in May,
  

• Manufacturing in China fell from 55.7 to 53.9 in May
  
• Chinese ports recorded a container throughput of 11.08 million TEU in April, up 23.2 per cent YoY.
  

• Unemployment rate for the EU was unchanged at 9.7% in April.
  
• Manufacturing in the Euro zone fell from 57.6 to 55.8 in May
  

• Canada raised rates from 0.25% to 0.50%.
  
• Canada’s GDP rose 1.5% in Q1 and up 2.2% YoY
  

• Australia kept its interest rate at 4.50%
  

• YoY India’s GDP rose 7.4% in Q1