Jobless claims came in at 367,000 on expectations of 370,000. No improvement hears means not to expect much job growth in the months ahead.
Chinese industrial output rose 9.3% however it was on expectations of 12.2% growth. China needs continually larger numbers to support the level of government spending, so when we see a decline in the rate of growth for an economy which has been viewed as one of the global engines of growth, we should be concerned.
India Factory Output fell 3.5% on expectations of a gain of 1.7%. This is more concerning than China because of an actual decline as opposed to a slowdown in the rate of growth.
Producer Price Index which is a measure of wholesale prices charged to those who make goods, had no growth and a drop in the energy sector. This is looking more like falling inflation rather than rising inflation.
The Fed's operation twist expires on June 30th, so we should see plenty of volatility ahead with the markets waiting to hear if we will see any additional stimulus.