Deflation! From the over reaction by some people you might think the UK economy had imploded.
Japanese economic growth improves
Japanese gross domestic product grew at 2.4% in the first quarter – which was up from 1.1% in the previous quarter.
Chinese manufacturing contracts
The HSBC China flash manufacturing purchasing managers’ index fell in May to 49.1 from 49.3 in April.
More mixed data out of the US
Once again the US produced a mixed cocktail of data.