SINGAPORE – Futures in the Asia-Pacific region pointed to a mixed open after better-than-expected jobs data in the US.
The Nikkei futures contract in Chicago was at 26,815 while its counterpart in Osaka was at 26,800. Compared to Nikkei 225’s Last closed at 26,517.19.
In Australia, SPI futures stood at 6,597, lower than S&P/ASX 200Last closed at 6,678.
US non-farm payrolls for June inverted Friday, coming in at 372,000, According to the Bureau of Labor Statistics. This is well above the Dow Jones estimate of 250,000. The unemployment rate was unchanged from May at 3.6%.
That job report helped to quell recession fears to some extent, Economists said.
Japan’s ruling coalition set to increase its majority in the upper house The country’s parliament, local broadcaster NHK estimated. Voters proceed to vote after two days Former Prime Minister Shinzo Abe was assassinated during the election campaign On behalf of the Liberal Democratic Party in Nara City.
Elsewhere over the weekend, city officials said Almost all commercial and industrial businesses – including casinos – in Macau will be closed for a week from Monday According to Reuters, to prevent the spread of Kovid-19.
In company news, China fined several companies, including tech giants Alibaba and Tencent. According to Reuters, for not complying with anti-monopoly rules on the disclosure of transactions.
Markets in Singapore and Malaysia are closed on Monday for a holiday.
Later this week, the US will report inflation data, while China will release its GDP, industrial output and retail sales figures. Earning season has also started this week.
currencies
US Dollar Indexwho tracks the greenback against a basket of his teammates, was at 107.009.
Japanese yen 136.27 per dollar, weaker than the levels seen last week. The yen was strengthened by news of the shooting of former prime minister Shinzo Abe on Friday. Australian Dollar Change hands at $0.6848.
— CNBC’s Jeff Cox contributed to this report.