SINGAPORE – Futures in the Asia-Pacific region pointed to open lower levels on Monday ahead of a crucial week in the US
The Nikkei futures contract in Chicago was at 27,710 while its counterpart in Osaka was at 27,690. Compared to Nikkei 225’s Last closed at 27,914.66.
SPI futures in Australia were at 6,685, lower than S&P/ASX 200Last closed at 6,791.5.
Inflation data in Singapore is due to be released on Monday. Economists polled by Reuters expect the main consumer price index for June to rise 4.2% from a year earlier. Prices rose 3.6 per cent in May.
in the weekends, The World Health Organization declared monkeypox a global health emergency. The organisation’s emergency committee was unable to reach a consensus, but WHO chief Tedros Adhanom Ghebreyesus decided to issue the highest alert, although he said it was unlikely to disrupt global trade or travel at this time.
Later this week, all eyes will be on the Fed rate decision and the release of US second quarter GDP data
75 basis point move expected in July was 80.5% CME Group’s Fedwatch Tool,
Within the Asia-Pacific region, advance estimates for South Korea’s GDP will be released on Tuesday and Australia will report inflation data on Wednesday.
currencies
US Dollar IndexThe greenback, who tracks against a basket of his teammates, was at 106.665.
Japanese yen Traded at 136.36 per dollar after consolidating sharply at the end of last week. Australian Dollar It was at $0.6911, which was slightly above the $0.69 level.
— CNBC’s Spencer Kimball contributed to this report.