Daily market review – June 8th 2017

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Moderate price rises are recorded on the Asian stock exchanges.
In Hong Kong and Singapore 0.3%, in Shanghai 0.1%.
Tokyo drops 0.4% after weaker-than-expected growth data in Japan.

The growth in Japan is significantly lower than originally estimated.
In the first quarter was much lower than previously estimated, according to government figures.
Japan’s GDP grew at an annual rate of 1%, while the initial estimate was 2.2% growth, with growth of 0.3%

The Japanese yen reported stronger import and export data than forecast for May, despite falling commodity prices, suggesting that its economy is performing better than estimated despite fears of a sharp slowdown.

Imports to China jumped by 14.8 percent in May, after rising 11.9 percent in April, while exports climbed 8.7 percent, both above expectations.
The country’s trade balance fell to $ 40.8 billion, while forecasts projected an increase to $ 46.3 billion.

In the forex markets relaxation – the pound sterling and the Euro are trading almost unchanged.
Euro at $ 1.1258, British pound at $ 1.2954.
Against the yen, the US dollar dropped 0.2% to 109.65 yen.

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