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US DATA
US DATA: May industrial production -0.1%, well below the +0.2% exp due 
to a fire at a truck parts supplier. Ex. mtr veh, IP would have 
been +0.3%. April IP rev up to +0.9%, but March IP rev down to +0.5%.
- Manufacturing IP -0.7%, but -0.2% ex. mtr veh. Utilities +1.1% and 
mining +1.8%, so the weakness in mfg was the key factor.
- Within utilities IP, electric +4.2% and gas -15.7% as weather moved 
more toward the summer mix. 
- Capacity utilization -0.2pp to 77.9% vs 78.4% exp, with mfg down.

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