Japan manufacturing growth slowed to six-month low in May

Japanese manufacturing activity in May expanded at a slowest pace in six months, the preliminary Nikkei-Markit PMI data shows. 

The PMI dipped to 52.00 from 52.7 in April. The details revealed that the job creation has been the weakest since November. Flash Manufacturing Output Index came-in at 52.9 (53.4 in April); the slowest growth in six months.

Trump’s budget proposes deep cuts to social safety nets, lower taxes sharply

President Trump plans to unveil on Tuesday a $4.1 trillion budget for 2018 that would cut deeply into programs for the poor. Key points White House
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Fed’s Evans – no comments on monetary policy or growth

Chicago Federal Reserve President Charles Evans, while speaking in Shanghai this Tuesday morning, had nothing to offer on the monetary policy or the e
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