In U.S. economic news, the second estimate of Q1 GDP came in at 2.2%, lower than both estimates and the prior reading of 2.3%. Additionally, the second estimate of the Q1 GDP deflator was reported as 1.9%, below both estimates and the prior reading of 2.0%. The U.K. manufacturing Purchasing Managers’ Index climbed to 54.4 in May, following April’s reading of 53.9, which was a 17-month low. Additionally, the PMI was above economists’ estimates of 53.5. China’s Purchasing Managers’ Index remained unchanged at 51.1 in May, just missing economists’ forecasts of 51.2. Additionally, according to survey data released by the National Bureau of Statistics, factory PMI in May rose to 51.9 from the 51.4 seen in April. Meanwhile, the non-manufacturing PMI improved to 54.9 from the 54.8 in the prior-month.