Monday, June 2, 2014

Upbeat China Manufacturing Data lifts World Shares

TOKYO (AP) — Most of the worlds stock markets shares are up on Monday due to China's manufacturing data wich shows that it has increased.

An official survey by the China Federation of Logistics and Purchasing reported that manufacturing in China has expanded for a third month in May. The factory activity is recorded at its highest level as orders keeps on coming in. The monthly manufacturing index increase 50.8 points in May on a 100-point scale on which numbers above 50 show activity expanding. Last April it is at 50.4 and was the highest level this year. This means that the economic slowdown in China is stabilizing.

In Europe, Germany's DAX rose 0.2% to 9,960.78 and Britain's FTSE 100 added 0.3% increase to 6,862.77. France's CAC 40 shed 0.2% to 4,512.35.

In US Wall Street, Dow futures increase by 0.1% to 16,722 and S&P 500 futures went up about 0.1% at 1,922.30.

Japan's Nikkei 225 were up 2.1% at 14,935.92 after the yen weakened to about 102 to the dollar.

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