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Japan's Nikkei edges lower before key U.S. economic data


By Reuters Staff
2 Min Read
TOKYO, June 1 (Reuters) - Japan’s benchmark index ended slightly lower on Tuesday as investors awaited two key U.S. economic reports, though declines were capped by hopes of a domestic economic normalisation on delayed-but-steady rollouts of COVID-19 vaccines.
The Nikkei share average inched down 0.16% to close at 28,814.34, while the broader Topix inched up 0.17% to 1,926.18.
“Investors want to confirm the strength of U.S. recovery from the factory and jobs data to be announced later,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
U.S. factory activity numbers will be released on Tuesday, while payrolls data, due on Friday, will be the main event of the week. Median jobs forecasts are pegged at 650,000, but the outcome is uncertain following April’s unexpectedly weak 266,000 gain. ....

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Australia shares end lower as virus cluster hits risk appetite


Nuix worst performer in the benchmark index
Gold stocks gain on higher bullion prices (Updates to close)
May 31 (Reuters) - Australian shares retreated on Monday after hitting a record high earlier in the session, as COVID-19 cases in the populous state of Victoria continued to swell while investors awaited signs of hawkishness in the central bank meeting due this week.
The S&P/ASX 200 index, which crossed the 7,200 mark for the first time ever, closed 0.3% lower at 7,161.6. The index secured an eighth straight monthly gain in May.
Victoria, the epicentre of Australia’s latest coronavirus hotspot, reported 11 new cases of community transmission, taking the current cluster to 51. The state’s Acting Premier James Merlino warned that the next few days will be “critical”. ....

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