{"id":10323,"date":"2021-06-01T05:48:37","date_gmt":"2021-06-01T05:48:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/01\/european-shares-poised-for-mixed-open-4\/"},"modified":"2021-06-01T05:48:37","modified_gmt":"2021-06-01T05:48:37","slug":"european-shares-poised-for-mixed-open-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/01\/european-shares-poised-for-mixed-open-4\/","title":{"rendered":"European Shares Poised For Mixed Open"},"content":{"rendered":"
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European stocks are set to open on a mixed note Tuesday, with U.K. markets<\/span> seen falling as traders return to their desks after a long holiday weekend. <\/p>\n

Asian stocks were mixed even as a slew of surveys signaled an ongoing expansion in regional manufacturing activity, thanks to recovery in global demand.<\/p>\n

China’s Caixin PMI Manufacturing rose to 52.0 in May, up from 51.9 and above expectations for a score of 51.7. <\/p>\n

South Korean shares led regional gains after data showed the country’s exports logged their sharpest expansion in 32 years in May.<\/p>\n

On the COVID-19 front, India’s decision to ban vaccine exports has had a severe impact on 91 nations and several of them remain extremely susceptible to new strains of COVID, first discovered in India, the World Health Organization (WHO) has said. <\/p>\n

An expert group convened by WHO has renamed COVID-19 variants with Greek letters to avoid stigma; Alpha, Beta, Gamma, Delta.<\/p>\n

Gold prices rose to a near five-month high on dollar weakness. The offshore Chinese yuan held steady after retreating from a three-year high of 6.3526 per dollar reached on Monday, as China forced banks to keep more foreign currencies in reserve for the first time in over a decade.<\/p>\n

Oil prices surged ahead of the latest OPEC meeting, while the British pound hit a three-year high against the dollar amid bets the U.K.’s economic recovery is gaining traction with the rollout of coronavirus<\/span> vaccines.<\/p>\n

Treasury yields ticked higher as investors await key American jobs data due out later this week in the face of uncertainty around the interplay between much-feared inflation and much hoped-for growth recovery.<\/p>\n

Unemployment from Germany and final manufacturing Purchasing Managers’ survey results from major euro area economies are due later in the session, headlining a busy day for the European economic news.<\/p>\n

European stocks fell on Monday as investors reacted to signs of rising inflation in Germany as well as soft data from China and Japan. <\/p>\n

The pan European Stoxx 600 dropped half a percent. Germany’s DAX and France’s CAC 40 index both shed around 0.6 percent. <\/p>\n

Markets in the U.K. and U.S. were closed for Bank Holiday and Memorial Day, respectively. <\/p>\n<\/p>\n<\/div>\n