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


MONEYWEB
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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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