STOCKS NEWS ASIA-Stocks to fall on economic gloom

(For the latest on global markets, click [MKTS/GLOB])
WELLINGTON, July 6 (Reuters) - Asian stocks are likely to open
weaker on Monday after poor data cast a shadow over the
prospects for an economic recovery.

U.S. markets were closed on Friday for the Independence Day
holiday, leading to lower volumes of trade on global equity
markets.

Data on Friday showed falling manufacturing activity and
retail sales in the euro zone, which added to the gloom in the
wake of poor U.S. employment data on Thursday.

European shares mostly finished lower but British shares
just managed to close in positive territory, with financial and
defensive stocks the best performers.

Japanese shares are set to fall, with Nikkei futures traded
in Chicago 2NKc1 95 points below the last closing level in
Osaka JNIc1.

Australian markets are also likely to fall, with September
index futures YAPcm1 at 3,774, a 54.2 point discount to the
underlying S&P/ASX 200 index's close on Friday, when it
fell 1.3 percent.

The U.S. dollar fell against the euro and the dollar index,
reversing earlier gains in thin trade.

Oil prices fell to below $66 a barrel on fears a delay in
the economic recovery would lead to weaker demand.

HEADLINES: > Weak data affirms sombre economic mood

[nSP531790] > G8 united not to shift reserve
currencies-source [nN03183296] > U.S. carbon tariffs long way
off but draw Asia ire [nSP537973] > China moves on Opel with
BAIC bid [nL3419016] > Rio wraps rights issue,
Australian demand strong [nSYD533101] > Russia's MegaFon not
eyeing Vimpelcom stake-source [nL3541301] > Oil falls below $66
after bleak U.S. jobs data [nSYD475678] > Europe stocks down
for 3rd week, commodities weigh [nL3624846] > Americas economic
leaders eye post-crisis world [nN03161151] > Further N.
Korean nuclear test possible -UK envoy [nL385921]

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KEY INDEXES pct change

Bank of New York Asia ADR index -2.77

Dow Jones Industrial Average .DJI -2.63

Nasdaq Composite Index .IXIC -2.67

MSCI Asia Pacific ex-Japan .MSCIAPJ +0.14

Nikkei futures in Chicago 2NKc1 9,745

Nikkei futures in Osaka JNIc1 9,840

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2009/10
(Reporting by Adrian Bathgate)