To The Moon

* U.S. markets rise on weak manufacturing activity; Asian markets rise on stronger manufacturing activity 🇺🇸 S&P 500: 0.12% 📈 🇺🇸 Nasdaq: 0.56% 📈 🇪🇺 Stoxx 600: 0.33% 📈 🇯🇵 Nikkei 225 Index: 1.13% 📈 🇭🇰 Hang Seng Index: 1.79% 📈 🇨🇳 CSI 300 Index: 0.25% 📈 * U.S. markets were broadly higher on Monday, with the S&P 500 and Nasdaq Composite rising 0.1% and 0.6%, respectively, as weak manufacturing data raised expectations for a rate cut. * U.S. manufacturing activity slowed for a second consecutive month in May, with new goods orders falling the most in nearly two years to 48.7, compared with expectations for a rise to 49.8, but the input inflation gauge fell from its highest level since mid-2022 . * Asia-Pacific stocks broadly ended higher, with the Hang Seng Composite Index and the CSI 300 up 1.8% and 0.3%, respectively, as mainland China's manufacturing sector expanded faster than expected last month. * The Caixin manufacturing PMI rose to 51.7 last month from 51.4 in April, accelerating for the fourth consecutive month and the fastest pace in two years, beating analysts' forecasts of 51.6. * Japan's factory activity expanded to 50.4 in May for the first time in a year, but overall growth was modest and demand remained subdued, while a weak yen led to higher costs for imported goods for some producers. 💡 Future events: 💡 * U.S. JOLTS job openings will be announced on Tuesday. * On Wednesday, China Caixin Services PMI, U.S. ADP Non-Farm Employment Change, and ISM Services PMI will be released. 💡 Things you need to know today: 💡 1. On Monday, the New York Stock Exchange (NYSE) announced that it had resolved a technical issue with its daily limit that caused Berkshire Hathaway $Berkshire Hathaway(BRK.A)$ and Chipotle Mexican Grill $Chipotle Mexican Grill(CMG)$ to enter a volatile pause stage. OMG 2. GameStop $GameStop(GME)$ shares soared 21% on Monday after Roaring Kitty returned to Reddit with a post revealing a $116 million investment in the struggling video game retailer. Roaring Kitty is back 3. The Brazilian economy is expected to maintain growth momentum in the first quarter of this year. The increase was driven by increases in federal spending, which in turn fueled increases in household spending and private investment. 4. Danish shipping company AP Moeller-Maersk $A.P. Moeller-Maersk A/S(AMKAF)$ raised its full-year profit forecast for the second time in a month, citing strong container market demand and the ongoing Red Sea crisis. AP Moeller-Maersk 5. Arm Holdings $ARM Holdings Ltd(ARM)$ aims to capture more than 50% of the Windows PC market within five years as Microsoft and its hardware partners prepare to release a new line of computers using Arm technology. Arm Holdings ✅ KEY TAKEAWAYS: Markets are seeing some tug-of-war between soft data and expectations that the Federal Reserve may cut interest rates. Markets weighed data showing U.S. manufacturing activity slowed for a second straight month, raising concerns about weak economic growth. @Daily_Discussion @MillionaireTiger @TigerStars @CaptainTiger @TigerGPT @Tiger_comments