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US Futures get a Slight Bump Higher After Data #CPI #TrumpKimSummit #TreasuryBudget

US Futures get a slight bump higher after data.  The May consumer price index was in-line with expectations according to the most recent data from the Bureau of Labor Statistics.  May inflation data showed prices rose 0.2% m/m and 2.8% y/y, as expected.  Core CPI was also in-line with expectations, rising 0.2% m/m and 2.2% y/y.  In political news, President Trump and North Korean leader Kim Jong Un made history with a face-to-face meeting last night in Singapore.  The meeting went well and the two leaders signed a vague agreement to further build relations between the two countries and move toward denuclearization of North Korea.  Later today the government will release data on the Treasury budget from May, with expectations of a $144B deficit for the month.  European shares are mostly lower, failing to hold on to earlier gains, as financials and material stocks lag.  Asian shares closed mostly higher as the historic meeting between President Trump and North Korean leader Kim Jong Un seemed to go well with hope for future progress.

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