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US bonds fluctuate ahead of Fed update
Asian equity markets are mostly up this morning and seem on course for a second consecutive week of gains. China May price data showed a modest rise in annual CPI inflation to 0.2% from 0.1% in April, while the producer price measure fell 4.6% year on year. That tame inflation environment potentially leaves the way open for further policy measures to stimulate economic growth. Within a very light economics calendar, April Italian industrial production will provide an update on Eurozone economic conditions. Yesterday saw Q1 GDP revised down by more than expected to show a second successive fall of 0.1%. That continues ... (full story)