Last week was a busy week for economic
data.  US Building Permits and Housing Starts were up 8% and 13.2%
respectively month-over-month.  Initial Jobless claims dropped to 297,000
in May from 345,000 in April.  Inflation in the US rose to the acceptable
Federal Reserve level of 2% over the last year.  Euro Area Gross Domestic
Product was recorded at .2% in the first quarter of 2014 prompting the European
Central Bank to signal they would continue to support the market place with
monetary stimulus.