- U.S. jobless claims fell 21,000 last week to 454,000
- The International Monetary Fund upgraded its 2010 global growth forecast from 4.2% to 4.6%. For 2011, they are expecting growth of 4.3%.
- Australia’s unemployment rate out at 5.1%. The currency rose on the stronger-than-expected employment data and improving investor confidence.
- The EU and the Bank of England both kept interest rates unchanged
- U.K.'s manufacturing index rose 0.3% MoM and up 4.3% YoY
- During the first five months of this year net imports of coal in China rose to 60.11 million tons from 38.44 million tons last year.
- (NYT) The weather page of the New Beijing News gives lots of helpful advice. But, in one of the most polluted cities in the world, it doesn't mention something really important: how clean is the air?
- (Reuters) - The global private banking sector has the potential to grow by 60 percent if it can get hold of about $10 trillion in untapped wealth, held back by depressed returns and lack of investor trust, Scorpio Partnership said.
- MoM German exports rose by 9.2 % in May.
- Russia cut its forecast for this year's grain output to 85 million tonnes from 90 million as 14 key growing regions declared a state of emergency due to severe drought.
- (Bloomberg) -- China, the world’s second-largest corn consumer, may give up efforts to be self-sufficient in the commodity and boost imports 10-fold by 2015 to feed livestock, said a researcher at Japan’s biggest grain trader.
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