Owing to increased downward pressure on economic growth, economists at China's central bank have reduced their growth and consumer inflation forecast for 2015.

This month, the selloff in Treasuries had a connection to the bond commotion in Europe.

For a straight 10th month, US import prices declined in April. The decline could be due to the impact of a strong dollar.

The biggest problem that Coca-Cola and Pepsi face these days is the increasing US dollar as both the companies have significant percentage of their revenue from overseas markets.