Framing Analysis
Asian equity indexes fell on June 2 with the MSCI Asia-Pacific ex-Japan index closing 0.5 percent lower, Korean shares declining 2 percent, and the Nikkei 225 dropping 0.7 percent. Brent crude traded near $95 per barrel after rising more than 4 percent the prior session, while a partial ceasefire between Hezbollah and Israel was announced on Monday. U.S. manufacturing PMI rose to 54.0 in May and the S&P 500 closed 0.3 percent higher on Monday.