The S&P 500 was near flat Monday as investors looked to the start of the second half of what's already been a stellar year on Wall Street.
Yields and prices move in opposite directions. One basis point equals 0.01%.Sentiment among Japan's businessesThe headline index, measuring big manufacturers' mood stood at +5 in June, rebounding from a +1 reading in the first quarter, and also higher than the +3 expected by economists polled by Reuters.
The sentiment index for large non-manufacturers climbed slightly to +23, up from +22 in March and hit its highest level since June 2019. A positive reading on the Tankan indicates improving business sentiment in the sector, while a negative reading indicates the opposite.China's factory activityThe country's manufacturing purchasing managers' index fell to 50.5 in June, down from 50.9 in May, but slightly higher than the 50.2 expected by economists polled by Reuters.that the country's official manufacturing PMI was at 49.0 in June — compared with 48.8 in May.
Wong is also the country's finance minister, and will replace Tharman Shanmugaratnam, who held the role for 12 years since May 2011. Shanmugaratnam will step down on Jul 8,Singapore's Minister for Trade and Industry Gan Kim Yong will be appointed Deputy Chairman of the MAS Board.Private surveys for factory activity in ASEAN countries showed an mixed picture in Southeast Asian markets.saw conditions for the manufacturing sector improve mildly in June, posting a 51 reading, lower than 51.
"The region continues to fair well despite the post-COVID boom subsiding," Maryam Baluch, Economist at S&P Global Market Intelligence said, adding that lingering global economic uncertainty and rate hikes "worldwide map a challenging road ahead."
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