WILLIAMS said the U.S. is currently less sensitive to oil shocks than historically.

The 134.2-km Pinglu Canal, the first river-to-sea grand canal built since the founding of the People’s Republic of China, has been constructed to Class I inland waterway standards and will accommodate 5,000-ton vessels. Today (May 28), excavation of the canal’s main navigation channel was completed, laying a solid foundation for the Pinglu Canal’s planned completion and opening to navigation in September.

The following releases are due in 10 minutes: US initial jobless claims (last week); Q1 real GDP annualized QoQ, revised; April durable goods orders MoM; personal spending MoM; core PCE price index MoM and YoY; and Canada’s Q1 current account.