The U.S. released the income report for the month of May, where the report showed that personal income rose by 0.4%, compared with the prior revised rise of 0.5% and less that estimates, while personal spending rose in May by 0.2%, compared with the prior flat estimate and better than median estimates of 0.1%.

The PCE deflator index rose by an annualized 1.9% down from the prior rise of 2.0% but slightly above the 1.8% expected rise, while core PCE rose in May by 0.2% higher than the prior and expected estimates of 0.1%, while compared with a year earlier, core PCE rose by 1.3% higher than the prior and expected 1.2% rise.