China’s CB Leading Index rises to 1.1% in May versus 1.4% increase in April

FXStreet (Mumbai) - The Conference Board Leading Economic Index (LEI) for China increased 1.1% in May to 326.2, following a 1.4% increase in April and a 0.2% increase in March.

The consumer expectations index, total loans issued by financial institutions, total floor space started, the PMI new export orders index, and the 5000 industry enterprises diffusion index: raw materials supply index made positive contributions to the index, while the (inverted) PMI supplier delivery index was the only negative contributor in May.

Russia outpaces Saudi Arabia to become China’s top crude supplier

Russia surpassed Saudi Arabia to become China’s top crude supplier as the fight for market share in the world’s second-largest oil consumer intensifies, Bloomberg reported on Tuesday.
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EUR/USD consolidates near 1.1170

The shared currency trades around a flat line versus the US dollar in the mid-Asian trades, keeping EUR/USD in a slim range below 1.12 handle. The European currency is seen consolidating previous heavy losses ahead of German Ifo and US final GDP figures due to be reported later today.
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