• Investors continue to pull money out of emerging-market bond and equity funds with a total outflow of $6.37 billion in equities in the latest week.
• Retail sales increased 0.6% in May from April, the largest monthly gain since February.
• U.S Manufacturing output rose merely 0.1% in May following a decline for the two previous months.
• Japans Nikkei dropped 1.48% for the week as investors continue to pull out of Japanese equities. The Nikkei index is down 18% from its late-May highs.
• Gold closed the week at 1390.05 after another week of low volatility for gold and silver
• The Producer Price Index (PPI) rose 0.5% in May, coming in much higher than the consensus expected 0.1%. Producer prices are up 1.7% versus a year ago.
• Industrial Production was unchanged in May, after two straight months of declines.
• Consumer sentiment declined slightly in its preliminary June reading. Mays final number was the highest point for the index since July 2007.
• For the week ending 6/14/13, the S&P 500 fell -1.01% closing at 1626.73. The MSCI EAFE Index gained 0.40% closing at 1689.43 and the MSCI EM Index dropped -2.75% to end the week at 953.68.
