Activity in China's manufacturing
sector grew at the same pace in May as in April, with a headline reading
of 51.2, official data showed, in a reassuring sign the world's
second-biggest economy is not losing too much steam after a solid first
quarter performance.
European
markets could take their cue later in the day from euro zone inflation
data, which are expected to show a sharp slowdown to 1.5 percent in May
from 1.9 percent April.
If confirmed, the European Central Bank may be less inclined to signal the start of the process of withdrawing its huge policy stimulus at its meeting next week, analysts said.
The euro was holding steady just under $1.12 EUR=, while 10-year German bond yields were up a basis point at 0.305 percent. DE10YT=TWEB
The dollar was steady against the yen at 110.85 yen JPY=, and the 10-year U.S. Treasury yield was up a basis point at 2.227 percent US10YT=RR. Two weeks ago it was at 2.41 percent.
Sterling fell as low as $1.2791 GBP=D4, near a one-month low of $1.2775 touched on Friday before recovering some ground to $1.2810. It also slipped to 0.8738 pound per euro EURGBP=D4, near Friday's eight-week low of 0.8750.
New constituency-by-constituency modeling by YouGov showed the ruling Conservative Party might lose 20 seats at the June 8 election while Labour could gain nearly 30 seats, potentially leading to a hung parliament, The Times said.
The news came after a string of opinion polls showed a narrowing lead for prime minister Theresa May's Conservatives, shaking investors' confidence that she would easily win a majority and strengthen her hand in the Brexit negotiations.
In commodities, oil prices remained soft, as concerns lingered about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
U.S. crude futures CLc1 fell 0.9 percent to $49.21 a barrel. Global benchmark Brent LCOc1 was down 0.8 percent at $51.44 per barrel. Gold XAU= was flat at $1,263 an ounce.
If confirmed, the European Central Bank may be less inclined to signal the start of the process of withdrawing its huge policy stimulus at its meeting next week, analysts said.
The euro was holding steady just under $1.12 EUR=, while 10-year German bond yields were up a basis point at 0.305 percent. DE10YT=TWEB
The dollar was steady against the yen at 110.85 yen JPY=, and the 10-year U.S. Treasury yield was up a basis point at 2.227 percent US10YT=RR. Two weeks ago it was at 2.41 percent.
Sterling fell as low as $1.2791 GBP=D4, near a one-month low of $1.2775 touched on Friday before recovering some ground to $1.2810. It also slipped to 0.8738 pound per euro EURGBP=D4, near Friday's eight-week low of 0.8750.
New constituency-by-constituency modeling by YouGov showed the ruling Conservative Party might lose 20 seats at the June 8 election while Labour could gain nearly 30 seats, potentially leading to a hung parliament, The Times said.
The news came after a string of opinion polls showed a narrowing lead for prime minister Theresa May's Conservatives, shaking investors' confidence that she would easily win a majority and strengthen her hand in the Brexit negotiations.
In commodities, oil prices remained soft, as concerns lingered about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.
U.S. crude futures CLc1 fell 0.9 percent to $49.21 a barrel. Global benchmark Brent LCOc1 was down 0.8 percent at $51.44 per barrel. Gold XAU= was flat at $1,263 an ounce.
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