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Futures Flat

KOREA RATES

Futures flat in South Korea and hugging a narrow range with a distinct lack of catalysts after gaining through the session on Monday. Data earlier showed industrial output fell 0.7% on the month in May against an expected expansion of 0.7%, the annual figure rose 15.6%, below estimates of 18.3%. Both figures were above the May print, however. The cyclical leading index printed 0.4 in May from 0.5. On the coronavirus front South Korea reported 794 new cases in the past 24 hours, a sharp jump from 595 on Tuesday.

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