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US producer prices fell stronger than expected, potentially reinforcing the dovish argument at the Fed. For May, PPI declined by 0.3% m/m, more than the expected 0.1%, and the index gained a modest 1.1% y/y after 2.3% a month earlier.
But activity is still very low, as just 1% of the market is in the position to refinance thanks to high interest rates, Keefe, Bruyette & Woods said.
Star Wars: Jedi Survivor and GTA 5 topped the charts.
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[LISTEN] Peter Johnston, a climatologist at UCT, talks about May and winter rainfall predictions.