European Union exports rose 4.8% year over year in May in dollar terms. That was the result of a rebound in exports from France which rose 6.4% after a 5.3% contraction in April. Yet, exports from both the U.K. and Germany fell by 1.1% and 2.4% respectively while the near-term future is unclear given the ongoing political uncertainties regarding Brexit. An initial meeting between the new EU Trade Commissioner, Sabine Weyand, with U.S. trade negotiators next week will define the mid-term outlook for transatlantic trade. Looking globally the EU improvements couldn’t prevent a 0.2%...