•U Michigan Confidence jumped to 83.7 in May vs 77.9 exp and 76.4 prev
•Canada Core CPI declined to 1.1% YoY in Apr vs 1.2% exp and 1.4% prev
•Mexico GDP declined to 0.8% YoY in 1Q vs 1.1% exp and 3.2% prev
•Reuters, “President Xi has taken charge of drawing up ambitious reform plans to revitalize the economy. A consensus has been reached among the leadership that reforms, and not more stimulus, are the only way to spur growth. Xi will present the reforms at a key meeting of the ruling Communist Party later this year that will set the agenda for the next decade… Xi will present the reforms at a key meeting of the ruling Communist Party later this year that will set the agenda for the next decade, signaling his seriousness to see breakthroughs, the sources told Reuters”
•WorleyParsons Ltd., Australia?s largest oil and gas engineering company, plunged 13 percent after forecasting weaker earnings.
