- (F.T) Subprime-scarred banks retreat from $1.2tn US car market
- U.S. consumers now owe roughly $12.73 trillion to banks and other lenders for mortgages, car loans and credit card spending, according to the New York Fed - exceeding the total before the last financial crisis.
- U.S. GDP increased at an annual rate of 1.2% in Q1
- Japan's core consumer prices rose at their fastest pace in two years in April, increasing 0.3 % YoY
- Britain's GDP growth during Q1 of this year stood at a disappointing 0.2%
- Confidence among South Korean consumers over economic conditions rebounded as the new government was launched. The composite consumer sentiment index (CCSI) stood at 108.0 in May, up 6.8 points MoM.
- (Morningstar) Managed-futures funds are in the midst of their largest drawdown in recent history. During the past three years through the end of April 2017, the 36 unique funds in the managed-futures Morningstar Category with histories at least that long had an average maximum drawdown of 13.4%.
