(05 JUNE 2020)DAILY MARKET BRIEF 1:Dampening market mood.

<p>There is finally some questioning among investors that the latest equity rally may have gone too far and a part of gains may be unfounded due to weak economic data, rising political unrest in US and Hong Kong and tenser trade relations between the US and China. The commemoration of Tiananmen events in Hong Kong added fuel to fire on Thursday. If the human and political dimension of street protests do not worry investors, the fact that such gatherings increase the risk of a renewed rise in new coronavirus cases should. Equities in Asia were mixed following a mostly negative European and US sessions. The Nikkei (+0.49%) and ASX 200 (+0.27%) extended gains, as stocks in mainland China retreated. Hang Seng was flat. But safe haven assets gave no sign of emergency regarding a further risk sell-off and activity on European equity futures hint at a positive start on Friday. The US dollar index extended losses for the ninth consecutive session, the US 10-year yield advanced past 0.80%, gold tr</p>