Due to hard disk problem, I apologize for unable to updating news for the past 2days
OPEC + extends oiloutput cuts till 2025
Economic Data + News
Singapore Manufacturing PMI (May) : from 50.5 to 50.6
Retail Sales MoM Apr : -0.8% to -2.7%
Retail Sales YoY Apr : 2.8% to -1.2%
Headlines
Singapore, US announce new AI Talent Bridge programme focused on tech opportunities for women [link]
Singapore's PMI rises further in May, mirroring improvements in regionwide factory activity [link]
Singapore April retail sales miss forecasts, fall 1.2% [link]
United States
Manufacturing PMI (May) : from 50.0 to 51.3
ISM Manufacturing PMI (May) : from 49.2 to 48.7
ISM Manufacturing Prices (May) : from 60.9 to 57.0
JOLTs Job Openings (Apr) : from 8.355M to 8.059M
Headlines
Job openings fall to new 3-year low, as the US economy continues to slow [link]
China
Caixin Manufacturing PMI : from 51.4 to 51.7
Caixin Services PMI : from 52.5 to 54.0
Headlines
China's robust services activity drives up employment [link]
China Manufacturing Growth Fastest in Two Years, Survey Says [link]
United States :Traders look out for the possible rate cut on the unappealling Job Openings last night, fell to the lowest since Feb 2021Remark: Coming FOMC Meeting will be held on 11-12 June
India Election : India election: Modi's BJP wins historic third term, but loses decade-old parliamentary majority [link]
Remark: Both NSE Nifty, BSE Sensex performance tumbled yesterday because of Modi's BJP loses majority and needs to form government with its allies. Though, both indexes had rebounded today, the recent rising volatilities caused the Nifty Vix to surged and therefore investors must take note of any change in the fund's direction if Nifty failed to support at 22,000 points
Japan : Toyota admits to improper certification testing in Japan [link]
Remark: Nikkie 225 is urrently range-bound between 38000 - 39100
Musk's AI trade-off : Elon Musk Confirms Diverting Nvidia AI Chips Away From Tesla [link]
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