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Data Misses Hit Sentiment

EQUITIES

A broadly negative day for equity markets in the Asia-Pac region with liquidity thinner than usual due to market holidays in the US and UK. Markets in Japan are lower, industrial production and retail sales data both missed estimates. Markets in mainland China are under pressure, the CSI 300 down around 0.4%, NBS PMI data showed the pace of growth in the manufacturing industry dipped slightly in May. In Taiwan the Taiex posted solid gains though, TWD rose to the strongest since April 1997. In the US futures are marginally higher, markets look ahead to data this week including PMI, ISM and NFP.

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