In U.S. economic news, personal income rose 0.3% in March, missing consensus estimates of a 0.4% rise, and matching the downwardly-revised February growth of 0.3%. Personal spending in March rose 0.4%, matching consensus estimates, and beating February’s downwardly-revised figure of no growth. France’s trade deficit increased in March, driven by rising imported goods. The gap increased to EUR 5.26 billion from EUR 5.0 billion in February. The deficit was originally projected to remain stable at EUR 5.0 billion. Imports jumped 0.8% in March after dropping by 1.5% a month ago. China’s private sector activity growth picked up in April as the Caixin composite output index rose to 52.3 during the month, increasing from the four-month low composite of 51.8 reported in March. Notably, a score above 50 represents an expansion.