Market on Risk-Off Tone as Data Show Slowing Manufacturing Activities

Market sentiment began with week with a softer tone, as manufacturing PMI in both the US and Eurozone surprised to the downside. Wall Street ended the day lower with DJIA and S&P 500 indices slipping -0.05% and -0.21% respectively. Europe's Stoxx 600 index dropped -0.39%. US dollar dropped with the DXY index losing -0.1%. The weakness was mainly against Asian currencies such as Japanese yen and Korean won. The greenback remained firm against commodity currencies, gaining 0.08% to 0.5%.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/market-on-risk-off-tone-as-data-show-slowing-manufacturing-activities-2016052432963/