SINGAPORE – Futures in Asia-Pacific point towards opening lower on Tuesday After Wall Street slumped overnight.
The Nikkei futures contract in Chicago was at 26,625 while its counterpart in Osaka was at 26,590. Compared to Nikkei 225’s Last closed at 26,812.3.
SPI futures in Australia stood at 6,521, lower than S&P/ASX 200Last closed at 6,602.2.
Tuesday is calm on the data front, but investors will wait for the upcoming US inflation report and China’s GDP report later this week. There will also be a meeting of the Bank of Korea this week.
In company news, the Japanese automaker Toyota Motor said on monday it was Detail of suspension of a production line at its Motomachi plant To investigate the reason for the recall for one of your models.
The company said around 4,000 units will be affected by the suspension and there will be no change in the global production plan.
in America, Major indices fell ahead of earnings season.
The Dow Jones Industrial Average ended 164.31 points, or 0.52%, down at 31,173.84. The S&P 500 slipped 1.15% to 3,854.43 and the Nasdaq Composite fell 2.26% to 11,372.60.
electric vehicle manufacturer child’s US-listed shares fell nearly 9% overnight on concerns over Covid in China.
currencies
US Dollar IndexJoe tracks the greenback against a basket of his teammates, breaking above 108 and was last at 108.021.
Japanese yen It traded at 137.35 per dollar, after weakening the previous 137 against the greenback on Monday. Australian Dollar Weakened sharply this week, and last stayed at $0.6740.