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Stocks, futures steady in Asia with data in focus: markets wrap


MONEYWEB
app instead?
Gold was at $1 906.08 an ounce, up 0.1%.
By Andreea Papuc, Bloomberg
31 May 2021 
09:30 
Image: Joshua Paul/Bloomberg
Asian stocks and US and European futures traded mixed Monday after signs China’s economic recovery may be leveling out and as investors continue to weigh global inflation risks.
Japan underperformed amid concern about an extended state of emergency to curb the coronavirus. Shares fell in Hong Kong and fluctuated in China, where a gauge of the manufacturing industry suggested the economy’s recovery momentum might have peaked. US futures ticked up after the S&P 500 notched its fourth-straight monthly advance. European contracts declined. Treasury yields dropped below 1.60% on Friday. There’s no Treasuries cash trading in Asia amid holidays in the US and UK. ....

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Spoos Hug 4,200 In Thin Holiday Trading As Global Stocks Close Out 4th Month Of Gains


Spoos Hug 4,200 In Thin Holiday Trading As Global Stocks Close Out 4th Month Of Gains
by Tyler Durden
It was anything but
sell in May .
With US markets closed for Memorial Day, Emini futures traded virtually at 4,200 amid light volumes as world stocks were firmly on track to post a fourth straight month of gains on Monday.  MSCI’s index of world stocks drifted 0.1% higher, putting the gauge on track for a 1.4% gain for May.
It is the longest monthly rising streak for the index since August 2020, when it marked a five-month run of gains, according to Reuters.
S&P 500 and Nasdaq 100 futures swung between small gains and losses amid shortened trading hours due to the Memorial Day holiday in the U.S. The dollar was steady against a basket of peers. ....

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