Daily market review – June 1st 2017

Wall Street indexes closed slightly lower after a mixed macroeconomic data released in the US, but completed the best month since February, as banks and energy stocks led yesterday’s falls on Wall Street.

This morning, the Asian stocks are trading on a mixed note and the Tokyo Stock Exchange is up 1%.
Shanghai is losing 0.5% after a drop in factory activity in China for the first time in a year.
Hong Kong is up 0.3%, Seoul is down 0.1%, and Sydney is up 0.1%.

The Japanese yen weakened 0.1% to 110.4 yen.

The activity of factories in China shrank in May for the first time in a year, according to the purchasing managers’ index of Kaixin.
The index fell to 49.6 from 50.3 in April.
Each level below 50 points reflects a contraction in production.


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