- GDP in the EU rose 0.2% in Q1 and 0.5% YoY
- (Bloomberg) Sugar rose in New York on speculation India, the world’s second-biggest grower, will keep supplies from the world market to meet domestic demand.
- (DJ) Depressed iron ore demand from Chinese steel mills has been pressuring shipping rates over the last month, with iron ore a key ingredient in steel production and the main product in dry bulk shipping. Chinese spot iron ore prices are near $US125 per tonne, a steep discount to the all-in cost of having it shipped from Australia, which is at $US155 per tonne.
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