International News
A handful of US data releases on Friday kept the market’s attention focused on the US economy and ended a downbeat week for the US dollar. Industrial production, manufacturing production and the US Empire manufacturing index all displayed lacklustre results. These latest data releases suggest that US factory output remains weak. Even the University of Michigan consumer confidence index for May dropped sharply by 7.3 points to 88.6, marking a seven month low in household sentiment [...]
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