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Stock Markets Start Week Down Slightly With London and Wall Street Closed

Stock Markets Start Week Down Slightly With London and Wall Street Closed

European stock futures are down slightly on Monday, pointing to a negative start to the week on the Old Continent’s stock exchanges, after lower-than-expected Chinese manufacturing data in May suggested that the recovery in the world’s second-largest economy may have lost momentum.

Euro Stoxx 50 futures are down 0.2%, while US S&P 500 futures are up 0.1%.

In the Asian session, the Chinese Shanghai Composite traded little changed, Hong Kong’s Hang Seng was down 0.6%, and Japan’s Topix lost 1.3%, due to fears about a prolonged state of emergency to contain the coronavirus.

This Monday, both the London and US stock exchanges are closed due to holiday celebrations.

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