Asian Market Update: Naoto Kan wins DPJ support for Japan leadership post; Equities, FX in narrow range ahead of US jobs report ECONOMIC DATA – (KS) SOUTH KOREA Q1 FINAL GDP AT CONSTANT PRICE Q/Q: 2.1% V 0.2% PRIOR; Y/Y: 8.1% V 6.0% PRIOR – (PH) Philippines MAY CPI m/m : -0.2% v 0.4%e (first [...]

US Market Upate ***Economic Data*** – (US) May ADP Employment Change: 55K v 70Ke – (US) Q1 Final Nonfarm Productivity 2.8% v 3.4%e; Unit labor Costs: -1.3% v -1.4%e – (US) Initial Jobless Claims: 453K v 455Ke; Continuing Claims: 4.666M v 4.610Me – (US) Apr Factory Orders: 1.2% v 1.8%e – (US) May ISM Non-Manufacturing: [...]

European Market Update: G20 Draft highlights the need for state of constant alertness – (UK) May Nationwide House Prices M/M: 0.5 v 0.3%e; Y/Y: 9.8 v 9.6%e – (ID) Indonesia Central Bank maintained the Reference Rate at 6.50%; as expected – (FR) France Q1 ILO Unemployment: 9.9% v 10.1%e; Mainland Unemployment: 9.5% v 9.7%e; Change [...]

Asian Market Update: Equities jump on renewed appetite for risk going into US jobs data; Australia posts first trade surplus in a year ECONOMIC DATA – (KS) South Korea May foreign reserves: $270.2B v $278.9B prior – (AU) AUSTRALIA MAY AIG PERFORMANCE OF SERVICE INDEX: 47.5 V 52.3 PRIOR (4-month low) – (JP) JAPAN Q1 [...]

US Market Update Dow +58 S&P +7.8 NASDAQ +18 ***Economic Data*** – (US) MBA Mortgage Applications w/e May 28th: 0.9% v 11.3% prior – (US) May Challenger Job Cuts Y/Y: 38.8K v 38.3K prior; -65.1% v -71.1% prior – (US) ICSC/GS weekly chain store sales w/e May 29th: +0.6% w/w; +2.5% y/y – (US) Redbook [...]