Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
This week proves 2015 remains a shaky time for global investors. Commodities are falling fast as oil dips to below 40 dollars a barrel, the lowest mark since 2009, and iron ore moves towards break-even levels. China's economy continues to weaken as trade data released this week shows imports declining for the 13th straight month.
"Euro-area inflation level forecasts for 2016 and 2017 both were recently cut despite the ECB last week deciding to expand their quantitative easing program. At unpredictable times such as these it is important to remember a globally diversified portfolio is your key to success",notes Voya Global.
