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Passenger car registrations in Europe dropped sharply in May and hit the lowest level recorded for the month in twenty years, as the region's ongoing recession continued to weigh on sentiment, dragging demand for many leading car brands. The data has dealt a fresh blow to manufacturers' hopes of the sector recovering from the downtrend.

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A leading indicator of Chinese economic activity rose marginally in May and at a slower pace than a month earlier, suggesting more sluggish growth for the overall economy in the months ahead. The Conference Board said that its leading economic indicator rose 0.3 percent month-on-month in May, slower than a 1.5 percent increase in April. Only three of the six components contributed positively.

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After reporting decreases in consumer prices in each of the two previous months, the Labor Department released a report on Tuesday showing a modest increase in prices in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after falling by 0.4 percent in April and dipping by 0.2 percent in March.

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New residential construction in the U.S. showed a significant rebound in the month of May, according to a report released by the Commerce Department on Tuesday, although housing starts still came in well below economist estimates. The report said housing starts climbed 6.8 percent to a seasonally adjusted annual rate of 914,000 in May from the revised April estimate of 856,000.

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Japan posted a merchandise trade deficit of 993.916 billion yen in May, the Ministry of Finance said on Wednesday - slipping into the red for the 10th consecutive month.

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Japan saw a merchandise trade deficit of 993.916 billion yen in May, the Ministry of Finance said on Wednesday.

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A leading indicator of Australian economic activity continued to signal above-trend growth for the economy in the coming quarters, a report from Westpac and Melbourne Institute showed Wednesday. The annualized growth rate of the leading index, which indicates the likely pace of economic activity three to nine months into the future, was 5.4 percent in April, comfortably above its long term trend.

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Outgoing Bank of England Governor Mervyn King was outvoted in his final policy meeting, as most policymakers overturned his call for additional stimulus citing sustained economic recovery, the minutes of the session held on June 5 and 6 showed Wednesday. As seen in the past few months, King, Paul Fisher and David Miles sought an increase in quantitative easing by GBP 25 billion.

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New Zealand's gross domestic product expanded 0.3 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Thursday.

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New Zealand's gross domestic product was up 0.3 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Thursday.

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