(ANSA) – MILAN, MAY 31 – Asia and Pacific stock exchanges in no particular order with Treasuries falling while oil rose, raising concerns about how aggressive central banks will have to be aggressive to contain inflation without derailing growth.
Tech stocks supported Hong Kong (1%), while China showed a contraction in manufacturing activity. With ongoing trading Shanghai gains 0.95%, Shenzhen 1.39%. Tokyo ends the session with a minus sign with investors triggering profit-taking when the benchmark index is at a one-month high. The Nikkei drops 0.33% Among the other squares Seoul marks a + 0.61%, a decline for Sydney (-1.03%).
Europe is expected to be negative as Wall Street futures are minus. Among the macro inflation and the final GDP figure for the first quarter of Italy and France, German unemployment will act as a starter for inflation in the EU, expected to grow at 7.7%. The US expects a decline in consumer confidence. (HANDLE).
Source: Ansa
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