Investing.com

Investing.com - Tokyo shares rose in Asian on Monday in holiday-thinned trade with Hong Kong, Taiwan and China markets shut.



The Nikkei 225 rose 1.79 as futures buying forced the cash market to play catch-up.



Also, investors were buyoed by data from China at the weekend that showed a stronger-than-expected May manufacturing Purchasing Managers Index (PMI) at 50.8, up from April''s 50.4 and above the 50.6 median forecast.



Australia''s S&P/ASX 200 rose 0.2%.



But mining share fell with BHP Billiton Ltd (ASX:BHP), Rio Tinto Ltd (ASX:RIO) and Fortescue Metals Group Ltd (ASX:FMG) all down around 1% after spot iron ore dived 4.1% on Friday.



Last week, Wall Street blew off soft consumer spending and personal spending reports as investors viewed the data as disappointing but nothing suggesting recovery was beginning to wane.



The Dow 30 rose 0.11%, the S&P 500 index rose 0.18%, while the NASDAQ Composite index fell 0.13%.



The revised Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9 this month from 81.8 in April, missing market expectations for a reading of 82.5.



Elsewhere, the Commerce Department reported that personal spending in the U.S. fell 0.1% last month, compared to expectations for a 0.2% rise, after a 1.0% increase in March, whose figure was revised from a previously estimated 0.9% gain.



In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for May for further indications on the strength of the labor market, while Tuesday’s euro zone inflation report will also be in focus, ahead of the ECB policy meeting and press conference on Thursday.





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