Economic data released for late May and early June 2025 indicate mixed signals across major economies. Japan's Service Producer Price Index (PPI) for April remained steady at 3.1%, slightly above the forecast of 3.0%. In France, preliminary May inflation figures showed a Consumer Price Index (CPI) year-over-year increase of 0.7%, below the expected 0.9%, with monthly CPI declining by 0.1%. The EU harmonized CPI for France rose 0.6% year-over-year, also below forecasts, and fell 0.2% month-over-month. French Producer Price Index (PPI) for April declined 0.8% year-over-year and 4.3% month-over-month. French consumer spending in April rose 0.3% month-over-month but was below the 0.8% forecast, while year-over-year consumer spending fell 0.1%. France's first-quarter GDP growth was confirmed at 0.1% quarter-over-quarter and 0.6% year-over-year, both below expectations of 0.1% and 0.8%, respectively. French private sector payrolls for Q1 declined 0.1%, revising previous estimates, with total payrolls also down 0.1%. In the United States, the Case-Shiller 20-City Home Price Index for March showed a 4.07% year-over-year increase, below the expected 4.5%, and a monthly decline of 0.12%. The FHFA House Price Index for March decreased 0.1% month-over-month. U.S. Treasury auctions saw strong demand with the sale of $69 billion in 2-year notes at a high yield of 3.955%, a slight increase from the previous 3.795%, and a bid-to-cover ratio of 2.57. The 3-month and 6-month Treasury bills also auctioned with high yields of 4.255% and 4.16%, respectively, and bid-to-cover ratios of 3.18 and 2.95.