Oppenheimer Lloyd CEO Voices Concern as Asia Stocks Fall On China’s Manufacturing Report.

June 1, 2010 - PRLog -- Chinese manufacturing expanded at a slower pace in May, raising concern the world’s fastest-growing major economy is losing steam. The European Commission said yesterday its gauge of executive and consumer sentiment in the 16 nations using the euro fell last month, while a separate report today may show the unemployment rate increased in Italy.

Speaking from the their corporate headquarters in Tokyo, Oppenheimer Lloyds Global Markets CEO, Hiroyuka Maruyama said, “There seems to be a worry that China’s strong economic expansion may be held back, and that may affect countries that depend heavily on China’s demand.” The Oppenheimer Lloyd CEO went on to say “Also, if economic figures in troubled European countries turn out to be clearly deteriorating, that could add anxiety to the markets.”

More than two stocks fell for every one that rose on the MSCI Asia Pacific Index. The measure lost 9.8 percent in May, the biggest monthly drop since the collapse of Lehman Brothers Holdings Inc. more than 18 months ago.

Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world. We provide a full range of brokerage services for investors globally.
We also offer extensive investment banking facilities tailored to the individual client's requirements. We take an industry-focused approach and complement this targeted expertise with transactional experts. This client-focused approach along with our experience, distribution capabilities, and complementary services has enabled us to become a leader in the investment banking industry.

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Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world.