U.S. inflation in May came in at an annual rate of 4%, its lowest in 2 years and adding to investor optimism that the Federal Reserve could skip a rate hike.
posted the largest gains, rising 0.83%. Currently, the S&P is up about 25% from its October low, surpassing the simplistic definition of a bull market.South Korea's export, import prices fell further in May
South Korea's export prices in May fell 11.2% year-on-year, the most since March 2010, when export prices fell by 12.2%. This comes after prices fell 7.2% in April.The South Korean won weakened by 0.42% to 1,273.02 against the U.S. dollar, while the Kospi rose 1.5%unemployment rateGovernment data showed that the number of employed persons totaled 28.84 million in May, increasing by 1.2% year-on-year.Separately, the number of unemployed persons was at 787,000 thousand people in May, down 11.
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