Positives 1)The US trade deficit in April narrowed to $87.1b from $107.7b in March which was a record high. Exports rose by 3.5% while imports fell by 3.4%. 2)After seeing a 1.3% increase in April from March, producer prices in Japan were unchanged m/o/m in May. That was below the estimate of up .6% but the y/o/y gain was still 9.1% vs 9.8% in the month before. …
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