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Pending home sales in the U.S. increased by much less than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with gains in the Northeast and Midwest largely offset by declines in the West and South.

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Pending home sales in the U.S. increased by much less than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with gains in the Northeast and Midwest largely offset by declines in the West and South. NAR said its pending home sales index edged up by 0.3 percent to 106.0 in April after jumping by 1.5 percent to 105.7 in March.

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Turkey's foreign trade deficit for April came in above economists' expectations, data released by Turkstat showed Friday.

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Producer prices in the French industry rose slower-than-expected in April, data released by INSEE showed Friday.

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Personal spending in the U.S. unexpectedly decreased in the month of April, according to a report released by the Commerce Department on Friday, with the drop in spending coming as personal income was roughly unchanged. The Commerce Department said personal spending dipped by 0.2 percent in April after inching up by a revised 0.1 percent in March.

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Eurozone jobless rate climbed to a new record in April after six quarters of economic contraction forced companies to scale back investment and in turn employment.Giving room for more monetary policy manoeuvre, inflation accelerated in May, but stayed well within the target of 'below but close to 2 percent'. The increase in inflation from a 38-month low has eased fears of deflation.

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Consumer sentiment in the U.S. improved by even more than previously estimated in the month of May, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report showed that the consumer sentiment index for May was upwardly revised to 84.5 from the preliminary reading of 83.7. Economists had expected the index to be unrevised.

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Chicago-area business activity saw a substantial rebound in the month of May, according to a report released by the Institute for Supply Management - Chicago on Friday, with the Chicago business barometer jumping to its highest level in over a year. The ISM Chicago said its Chicago business barometer surged up to 58.7 in May from 49.0 in April.

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China's manufacturing sector growth accelerated unexpectedly in May, signaling the economy may be stabilizing after a slowdown in the first quarter of 2013. The headline purchasing managers' index, that measures the performance of the factory sector, rose to 50.8 in May from 50.6 in April, a survey by the China Federation of Logistics and Purchasing and the National Bureau of Statistics showed.

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South Korea's trade surplus rose to its highest level in nearly three years in May as increased shipments of smart phones as well as strong demand from China and the US countered negative impacts from a weak Japanese yen. The trade surplus hit $6.03 billion in May, the largest since October 2010, data from the Ministry of Trade, Industry and Energy (MOTIE) showed Saturday.

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