China' official May PMI falls to 50.4 vs. 52.2 expected and from 53.3 previously. It's the biggest drop in 28 months and marks a bit of catching up for the official measure, which came in substantially higher than the HSBC read in March and April.
Stock Market Futures - 5/31/2012 -Updated 10.10 PM EST
I will keep updating ...
S & P 500 Futures 4.50
NASDAQ Composite Index Futures 9.50
Dow Jones Industrial Average Futures 40
Oil Futures 86.78
S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run, -0.3% to $1.2330. Hardest hit are the aussie, -0.7% to $0.9668, and Australian shares, -1%
I will keep updating ...
S & P 500 Futures 4.50
NASDAQ Composite Index Futures 9.50
Dow Jones Industrial Average Futures 40
Oil Futures 86.78
S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run, -0.3% to $1.2330. Hardest hit are the aussie, -0.7% to $0.9668, and Australian shares, -1%
Australia's May Manufacturing PMI falls to a 9-month low of 42.4 from 43.9 previously. Production declined to 38.7 from 43.9, New Orders to 40.6 from 42.0. Input prices rose to 64.1 while selling prices declined to 41.4, indicating a further profit squeeze on manufacturers. Sydney -0.4%, the aussie -0.3% to $0.9708
South Korea's May PMI falls to 51.0 from 51.9 previously. It's the 4th consecutive decline for the index. "We maintain our view that Korean fundamentals have strengthened significantly over the past few years, which will help the economy stay on track for a gradual recovery," says HSBC's Ronald Man.
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