Asia-Pacific markets mostly lower; China factory-gate inflation data rises in May

• Japan -0.31%.
• China +0.40%. China's consumer price index (CPI) in May rose 1.3% Y/Y, lower than expectations of 1.6% rise, prior 0.9%.
• May producer price index (PPI) jumped 9% Y/Y vs. forecast of 8.5% increase, prior 6.8%.
• On monthly basis, CPI fell 0.2%; PPI rose 1.6%.
• Hong Kong -0.07%.
• Australia -0.21%.
• Overnight on Wall Street, S&P 500 inched up less than 0.1% at 4,227.26, Dow Jones slipped 0.1% to 34,599.82 while Nasdaq advanced 0.3% to 13,924.91.
• Oil prices were higher on signs of demand recovery. Brent crude futures advanced 0.26% to $72.41/barrel. U.S. crude futures gained 0.33% to $70.28/barrel.
• The World Bank upgraded its outlook for global growth this year to 5.6% from 4.1% estimated in January, predicting that COVID-19 vaccinations and government stimulus in rich countries will power the fastest worldwide expansion. Last year, the global economy contracted 3.5%, source The Associated Press.
• U.S. stock futures muted. Dow Jones -0.02%; S&P 500 -0.01%; Nasdaq +0.03%.