Australian manufacturing activity dropped to nine-month low in May

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Source: Marketwatch
Australian manufacturing activity decreased to the lowest level in the last nine months in May. The Performance of Manufacturing Index edged down by 1.5 points to 42.4 on a seasonally adjusted basis in May. The dismal state of non-mining industries in the country may create incentive for further cuts of the interest rate by the Reserve Bank of Australia.

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Fri, 01 Jun 2012 08:47:09 GMT

Japan's factory output missed forecast in April

Factory output in Japan missed forecast in April, expanding by 0.2% as compared to an expected increase of 0.5%, reported the Trade and Industry Ministry. The ministry expects the output to decline further in May; however, the production is likely to rebound in June. The factory output was weakened by soft demand for electronic goods coupled with strong Yen.

Fri, 01 Jun 2012 09:31:10 GMT

US stock indices declined more than 6% in May

US shares closed Thursday on negative note weighed by several disappointing macroeconomic news. Data showed US labour market added more jobless claims and GDP for the first quarter was revised down. S&P 500 index dropped 0.23% or 2.99 points and closed at 1,310.33. S&P 500 is 6.3% down for the month. Dow Jones Industrial Average fell 0.21% or 26.41 points and finished at

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