China’s industrial economy showed signs of slowing down…
…as the Chinese housing market showed more deterioration
And China has weighed on commodity suppliers like Chile, where growth is slowing
A slight decline in orders from China also slowed Taiwanese exports
Elsewhere in Asia, growth in Thailand returned after the May coup
And Japan continues to run deep trade deficits, in a departure from decades of policy
Meanwhile, in the US, inflation is still tame…
…amid ongoing improvement in the housing sector…
…and persistently weak wage growth
Across the pond, a similar slump in wages has kept British retail sales slow…
…and even surging London house prices seemed to pause
Caution continues to reign in Europe, amid uncertainty in Ukraine and a deflation scare. Investors have snapped up government bonds in a rush for safety that has even pushed shorter maturity German bonds into negative territory.
