International Market Updates

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US stocks continued their march to record levels on the month of May. US consumer prices recorded their largest increase in ten months in April, p.....

Executive Summary


  • US stocks continued their march to record levels on the month of May. US consumer prices recorded their largest increase in ten months in April, pointing to some inflation in the economy as the world’s largest economy is making progress toward the Federal Reserve’s unemployment and inflation goals.

  • The Eurozone’s economic recovery showed a gaining of momentum last month. The Eurozones recovery continues to be a very uneven one with Germany driving most of the gains as the rest of the region struggles.

  • Britain’s unemployment rate fell in March, a new five-year low.

  • Japanese GDP outperformed expectation in Q1, as business and consumer spending ramped ahead of the April 1 hike in the sale tax.

  • China released weaker-than expected manufacturing data, reinforcing concerns the world’s second-largest economy is losing steam.

  • India’s newly elected prime minister Narendra Modi’s win was unanimously heralded by investors as a positive development for India, while stocks gained the most since the last election in 2009.

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