Wednesday, 1 June 2016

XE Market Analysis: Europe - Jun 01, 2016

The yen rallied on a safe haven bid, with stocks in Asia mostly turning lower following a slew of mostly underwhelming manufacturing PMI reports, from China, to Japan itself, to Taiwan, Indonesia and through to India. Japanese capital spending figures, meanwhile, showed a less severe than expected slowdown in growth, while the final May manufacturing PMI report was revised up a tad to 47.7, from 47.6, but this was still a three-year low and down from 48.2 in April.



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