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"A man eats a rice ball while walking past an electronic stock board of a securities firm in Tokyo, Monday, May 23, 2016. Japanese stocks fell and other Asian markets were higher Monday after a global finance meeting failed to produce an economic growth plan and Tokyo reported weaker exports. (AP Photo/Koji Sasahara)", www.wdtimes.com
"LONDON (AP) — Stock markets were choppy Monday after a meeting of the developed world's central bankers and finance ministers failed to yield fresh ideas for spurring economic growth. Finance ministers stressed the importance of varying action for each country but U.S. Treasury Secretary Jacob Lew urged his Japanese counterpart, Taro Aso, to refrain from devaluing the yen to boost the country's exports. ANALYST TAKE: 'Confidence towards the global economy was already fragile, and the disappointing G-7 meeting that concluded without a proposal to renewing global growth may have rekindled a wave of jitters,' said FXTM research analyst Lukman Otunuga. Financial information company Markit said Monday that its initial reading of the composite purchasing managers' index — a broad gauge of business activity across the services and manufacturing sectors — fell to a 16-month low of 52.9 points in May from April's 53.0.", www.sfchronicle.com
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