Asian stock markets have fallen after Japan reported weaker-than-expect growth in factory output and Chinese manufacturing growth was flat
Benchmarks in Shanghaï Tokyo and Hong Kong retreated while Seoul gained.
Au Wall Street the benchmark S&P 500 index ended last week higher for a monthly gain in May of 0.5%.
Investors are wavering between optimism about consumer spending and factory output reviving and unease that rising inflation might prompt governments and central banks to withdraw stimulus.
“It still feels like a market looking for direction in the face of uncertainty,” said Patrik Schowitz of JP Morgan Asset Management in a report.
The Shanghai Composite Index lost 0.2% à 3,595.62 after an industry group and the national statistics agency reported manufacturing activity held steady in May, adding to signs a rebound is leveling off.
The Nikkei 225 in Tokyo tumbled 1.2% à 28,798.37 after May retail sales fell 4.5% from the previous month and factory output rose above pre-pandemic levels for the first time but 2.5% growth was lower than expected.
The Hang Seng in Hong Kong lost 0.5% à 28,983.32 while the Kospi in Seoul edged up less than 0.1% à 3,190.63. The S&P-ASX 200 in Sydney was off 0.2% à 7,166.30.
India’s Sensex opened up 0.5% à 51,700.20. Nouvelle-Zélande, Bangkok and Jakarta gained while Singapore retreated.
Vendredi, Wall Street’s S&P 500 ended up 0.1% à 4,204.11.
The index ended up for May after a bumpy few weeks of selling by investors who focused on the conflict between economic recovery and inflation.
The Dow Jones Industrial Average added 0.2% à 34,529.45. The tech-heavy Nasdaq gained 0.1% à 13,748.74.
Les Etats Unis. Commerce Department said Friday that personal consumption expenditures, a measure of inflation used by the Federal Reserve, rose by 3.6% en avril. Excluding volatile food and energy prices, inflation 3.1%, well above the Fed’s long-term target of 2%.
Fed officials said earlier the economy would be allowed to “run hot” to make sure a recovery is established, but investors worried the U.S. and other central banks might feel pressure to withdraw stimulus after unexpectedly sharp rises in prices of consumer goods and some commodities. They have been at least temporarily reassured by comments from Fed officials that it is too early to change direction.
Sur les marchés de l'énergie, référence aux États-Unis. crude rose 40 cents à $66.72 par baril dans les échanges électroniques sur le New York Mercantile Exchange. Le contrat est tombé 43 cents on Friday to $66.32 per barrel. Brent brut, used to price international oils, ajoutée 38 cents à $69.10 par baril à Londres. It gained 17 cents la session précédente à $69.63.
The dollar declined to 109.67 Japanese yen from Friday’s 109.81 yen. L'euro a gagné à $1.2202 de $1.2197.