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I expect a gap down on Monday.
Unfortunately, the 69k increase in jobs was the weakest in 20 months, coming under the expectations of the most pessimistic economist surveyed by Bloomberg. Making the report even worse was the increase in the unemployment rate from 8.1 to 8.2 percent and the sharp downward revision in April payrolls.
If Ireland rejects the pact, they will not be able to access ESM funding. The results should be released shortly after the polls close at 5pm ET or 21 GMT.
May private-sector jobs rise 133K: ADP
U.S. weekly jobless claims jump to 383,000
Japan’s Nikkei Stock Average JP:100000018 -1.35% gave up 1.6%, while South Korea’s KospiKR:SEU -0.82% and Hong Kong’s Hang Seng Index HK:HSI -0.85% dropped 1.3% each.
Australia’s S&P/ASX 200 index AU:XJO -0.62% lost 0.8%, and China’s Shanghai CompositeCN:000001 -0.39% shed 0.5%.
http://www.marketwatch.com/story/asia-stocks-tumble-with-weak-euro-hitting-tokyo-2012-05-30