Monday, 1 June 2015


MSCI's broadest index of Asia-Pacific shares outside Japan was down in early trade, while Japan's Nikkei stock index edged up about 0.1 percent. Australian shares were up about 0.3 percent, ahead of the Reserve Bank of Australia's policy decision at 0430 GMT. The bank is expected to keep rates on hold at a record low of 2.0 percent. "There's been just as much improvement as deterioration in Australian and Chinese data since the last monetary policy meeting in May so between the exchange rate and data, the RBA has every reason to maintain a neutral bias," Kathy Lien, managing director at BK Asset Management in New York, said in a note to clients.

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