Drone point view of the Shanghai skyline at sunrise.
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Asia-Pacific markets were set to open mixed on Monday as investors await key economic data from the U.S. and China later this week, while election results in France overnight signaled a hung parliament.
France’s left-wing New Popular Front coalition on Sunday unexpectedly thwarted a far-right advance, clinching the largest number of seats but falling short of an absolute majority in a parliamentary run-off vote.
Investors await U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve’s interest rate path, while China’s inflation figures on Wednesday will signal the state of the country’s economic recovery.
Central bank decisions from South Korea, New Zealand and Malaysia will also be announced this week, although no changes are expected, according to a Reuters poll of economists.
TICKERCOMPANYNAMEPRICECHANGE%CHANGE.N225Nikkei 225 IndexNIKKEI40,912.37UNCHUNCH.HSIHang Seng IndexHSI17,799.61UNCHUNCH.AXJOS&P/ASX 200ASX 2007,822.30UNCHUNCH.SSECShanghaiSHANGHAI2,949.93UNCHUNCH.KS11KOSPI IndexKOSPI2,862.23UNCHUNCH.FTFCNBCACNBC 100 ASIA IDXCNBC 10010,132.58+8.76+0.09%
Futures for Australia’s S&P/ASX 200 stood at 7,797, slightly lower than its last close of 7,822.3
Japan’s Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 40,945 and its counterpart in Osaka at 40,900 compared to the previous close of 40,912.37.
Hong Kong Hang Seng index futures were at 17,687, lower than the HSI’s last close of 17,799.61.
On Friday in the U.S., the S&P 500 and the Nasdaq Composite rose to new highs, with both indexes posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.
The broad market index advanced 0.54%, closing at 5,567.19, while the tech-heavy Nasdaq gained 0.90% to end at 18,352.76.
The Dow Jones Industrial Average added 0.17%.
—CNBC’s Pia Singh and Alex Harring contributed to this report.
Source link : https://www.cnbc.com/amp/2024/07/08/asia-markets.html
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Publish date : 2024-07-07 19:50:09
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