Scoreboard: European burden

Weak European PMI figures clouded positive US data and weighed on markets, while the Australian dollar slipped but remains above US94c.

A nondescript night all up, with stock price changes little different from zero in the US, bonds unchanged, and a mixed session for commodities.

US data was positive, with existing home sales up 4.9 per cent in May, which was well above the 1.9 per cent expectation and follows a 1.5 per cent gain the month prior.


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