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Nikkei down slightly despite strong corporate services index

Published 05/25/2015, 11:05 PM
Updated 05/25/2015, 11:06 PM
© Reuters. Nikkei down despite solid corporate services index

Investing.com - Shares in Tokyo dipped slightly on Tuesday despite a better than expected showing in the corporate services index.

The Nikkei 225 fell 0.04% after the corporate services price index rose 0.7% in April, better than the gain of 0.6% expected year-on-year.

Investors noted recent U.S. data showing that consumer prices rose for a third straight month in April and comments last week by Federal Reserve Chair Janet Yellen continued to support.

Trading volumes were thin with markets in the U.K., Germany and the U.S. closed for holidays on Monday.

The euro weakened as the prospect of a Greek default continued to weigh.

On Sunday Greece’s Interior Minister Nikos Voutsis warned that the country would be unable to make a €305 million payment to the International Monetary Fund due on June 5 if a cash-for-reforms deal with its international lenders is not reached by then.

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