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Overview: The May Day holiday has shut most markets in Asia and Europe, making for subdued market action. Equity markets that are open, like Australia and the UK, advanced and US shares are trading higher helped by Apple's (AAPL) upbeat forecasts and sales that beat expectations. Indeed, there is a risk that the S&P 500 gaps higher at the open after closing on the highs of the day, which were a new record. The US dollar is narrowly mixed but mostly softer. The New Zealand dollar is a notable exception. Disappointing employment growth boosts the