Quick Overview

• The U.S. trade shortfall rose 10.4 % to $63.9 billion in March.
  

• The Fed’s holdings of Treasury and agency debt kept for overseas central banks rose $8.167 billion in the week ended May 9, to stand at $1.937 trillion.
  

• The European Central Bank met and kept its interest rate unchanged at 3.75%.
  

• New Zealand’s unemployment rate rose from 3.7% to 3.8%.
  

• The Bank of England raised its base rate by 0.25%.

• Australia's unemployment rate fell from 4.5% to 4.4% in April.