The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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China's factory activity contracting: HSBC data

LOS ANGELES (MarketWatch)
China's manufacturing activity was contracting in May, according to preliminary data, as HSBC's "flash" Purchasing Managers' Index fell to a seven-month low of 49.6 from April's final reading of 50.4
A result below 50 signals contraction
Both the new orders and new export orders sub-indexes registered decreases in the preliminary survey, which generally includes 85%-90% of the total survey responses used for the final reading

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