The Global Total Output Index, produced by JPMorgan with research and supply management organisations, rose to 53.1 in May from 51.9, spending its 46th month above the 50 mark that divides growth from contraction. The PMI was lifted by increased output in the United States, Japan, Britain and India but the euro zone remained in a protracted downturn, JPMorgan said.» Read More
LONDON, June 3- European shares briefly eased further in late trade on Monday, while German Bund futures pared losses after data from the Institute for Supply Management showed an unexpected contraction in the U.S. manufacturing sector. The ISM manufacturing PMI fell to 49.0 in May, versus expectations for it to hold steady at 50.7.
*China factory activity shrinks, raising demand worries- PMI. Oil was also supported by flooding across Europe, which halted barges along the river Rhine, and by supply worries after reports that Iran aimed next year to start a nuclear reactor, which the West fears could arm an atomic bomb.
LONDON, June 3- The euro rose broadly on Monday after the euro zone manufacturing sector showed signs of stabilising, while a slip in equities weakened the dollar against the yen. Federal Reserve will scale back its $85- billion- per-month stimulus programme. The euro was up 0.2 percent against the dollar at $1.3016.
*China factory activity shrinks, raising demand worries- PMI. LONDON, June 3- Brent crude oil dipped briefly on Monday below $100 a barrel for the first time in a month on demand worries after Chinese factory data pointed to slowing momentum in the world's second-biggest oil consumer.
*Poland improves but still in contraction. PRAGUE, June 3- Business conditions in central and eastern Europe improved slightly in May with Czech manufacturing edging into positive territory although Poland and Hungary saw a decline in output.
LONDON, June 3- A strong rise in new orders helped Britain's manufacturing sector grow at its fastest pace in over a year last month, a survey showed on Monday. The sector's expansion for a second month running will boost optimism that Britain's recovery is becoming more broad based and less reliant on the services sector.
LONDON, June 3- The downturn in euro zone manufacturing eased markedly last month but it remained widespread as falling prices for factories' goods failed to drum up new business, a business survey showed on Monday. Still, that reading is the highest since February 2012 and is the first time the downturn has eased in four months.
*HSBC/ Markit PMI shows activity shrinks in May. SINGAPORE, June 3- London copper edged higher on Monday, but trimmed an early advance after fresh Chinese manufacturing data underlined the fragile state of the economy in the world's top metals consumer.
*China factory data points to slowing momentum, could drag on demand. The HSBC/ Markit Purchasing Managers' Index for China fell to 49.2 in May, shrinking for the first time in seven months as both domestic and external demand softened. Brent crude was trading down 3 cents at $100.36 a barrel by 0637 GMT, after falling to $99.75, the lowest since May 2.
*China factory data points to slowing momentum, could drag on demand. The HSBC/ Markit Purchasing Managers' Index for China fell to 49.2 in May, shrinking for the first time in seven months as both domestic and external demand softened. Brent crude was trading down 31 cents at $100.08 a barrel by 0542 GMT, after falling to $99.75, the lowest since May 2.
*Aussie climbs after China official PMI beat expectations. TOKYO/ SYDNEY, June 3- The Australian dollar recovered a tad on Monday from its deep losses last month after official data showed factory activity in China was better than expected, offering hope that the world's second-largest economy may be stabilising.
TOKYO, June 3- Investors took profits on Monday from recent Asian share rallies in the face of uncertainty over how much longer the current U.S. stimulus would continue, while data underscoring the fragility of China's economy weighed on oil.
*HSBC/ Markit PMI falls to 49.2, lowest since October. The HSBC/ Markit Purchasing Managers' Index for May dropped to 49.2, the lowest level since October 2012 and down from 50.4 in April, as domestic and overseas demand fell.
*China official PMI rises to 50.8 in May from 50.6 in April. SINGAPORE, June 3- London copper trimmed an early advance on Monday, after manufacturing sector reports in top metals consumer China showed that large state enterprises were still growing but activity at smaller companies shrank last month.
BEIJING, June 3- China's factory activity shrank for the first time in seven months in May as both domestic and external demand softened, a private survey showed, adding to concerns that the world's second-largest economy is losing momentum.
SINGAPORE, June 3- London copper climbed on Monday, after it logged its first monthly gain in four, buoyed by a brighter-than-expected manufacturing survey report from China that showed demand was still growing. *The most-traded September copper contract on the Shanghai Futures Exchange climbed by 0.76 percent to 53,160 yuan a tonne.
*MSCI Asia ex- Japan pressured, Nikkei opens down 1.6 pct. *China official services PMI, US national ISM eyed. Investors will be cautious ahead of more data this week from the United States as well as from China, both of which would offer clues to growth and demand prospects in the world's largest economies.
SEOUL, June 3- South Korea's manufacturing activity expanded for the fourth consecutive month in May but at a slower rate than April, a private sector survey showed on Monday, suggesting that the trade-dependent economy remains on a modest growth path.
BEIJING, June 1- China's official PMI rose to 50.8 in May from 50.6 in April, data showed on Saturday, beating market expectations and raising optimism that the world's second-largest economy may be stabilising.
*Treasuries fall as Chicago PMI beats expectations. NEW YORK, May 31- U.S. Such a reduction would mark the beginning of the end of quantitative easing the Fed adopted in late 2008. "It's all about the Fed, and how do we get back to fair value after QE," said Gemma Wright-Casparius, portfolio manager at Vanguard in Malvern, Pennsylvania.