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This bulletin tracks those economic data from the US, Asia and Europe which surprise or shock consensus expectations. 

Today in the US I focus on May's strong trade data.

In Asia I look at the weakness of Japan's 20-day trade data; and the shocking collapse in Singapore's retail sales.

In Europe, I lament the sharp and broad fall in Germany's April's factory orders. 

If you need to know more, feel free to contact me on mjtcoldwater@fastmail.com 



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