'Time to Resolve'
"Regardless of whether Greece exits the euro, it will take a lot of time to resolve the region's debt crisis," said Daisaku Ueno, a senior foreign-exchange and fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co.
Commodity exchange-traded products had $1 billion outflows in April, led by withdrawals from precious metals and energy, Societe Generale SA analysts led by Alain Bokobza said yesterday. "Commodities saw large outflows last month due notably to the gradual landing of the Chinese economy," they wrote in a report.
Inflation in China was 3.4 percent in April, below the government's full-year target for a third month, the National Bureau of Statistics said today. That may give Premier Wen Jiabao more leeway to stimulate the economy.