Asia-Pacific shares will open lower ahead of China and US inflation data

SINGAPORE – Shares in Asia-Pacific looked set to open lower on Friday as investors looked to release May inflation data from China and the US.

Futures pointed to lower openness for Japanese stocks. The Nikkei futures contract in Chicago was at 28,085, while its counterpart in Osaka was at 27,980 – lower. Nikkei 225’s Last closed at 28,246.53.

Australian shares also looked set to open lower, with the SPI at 6,964.0 against the futures contract S&P/ASX 200K Last closed at 7,019.70.

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US Dollar IndexThe greenback, who tracks against a basket of his peers, was at 103.223 after crossing the 103 mark recently.

Japanese yen Traded at 134.44 per dollar, it was struggling to recover after weakening from as low as 132 against the greenback earlier this week. Australian Dollar Was at $0.71 after a recent decline above $0.714.