Tuesday, June 1, 2010

Morning Recap-06.01.2010

Asian Market Reaction Consequence

Via Bloomberg
"June 1 (Bloomberg) -- Asian stocks fell, extending the MSCI Asia Pacific Index’s biggest monthly drop since October 2008, as investors speculated over the future of Japan’s prime minister and Chinese manufacturing growth slowed."
"The Shanghai Composite Index has tumbled 22 percent this year as the People’s Bank of China raised bank reserve requirements three times to help cool property markets."
"Chinese economic growth may slow to an annual rate of 7 percent to 8 percent by the end of the year or early 2011, from 11.9 percent in the first quarter of 2010, Nouriel Roubini, the New York University professor who predicted the global financial crisis before markets peaked, said in Sao Paulo yesterday."

- China's May Manufacturing Expands at Slower Pace
- PMI fell from 55.7 to 53.9 in April
- Lead worry of the commodity market
- Asian Stock Market fell on China's manufacturing report
- MSCI Asia Pacific Index fell 0.8 percent
- Futures on S&P 500 Index decreases 0.3 percent
- China's commodity market reserves

Liz T. Liu
Summer Analyst
Analyze Capital LLC


  1. Liz, great post. Concise and to the point. I'm not sure I understood what u mean by Lead worry of the commodity market. However, this is quality work that we all appreciate. Keep it up.

  2. nice summary and recap glad to see you keeping up on events


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