SINGAPORE – Asia-Pacific futures opened lower on Wednesday following a negative Wall Street performance on Tuesday. Investors will also be waiting for Australia’s retail sales report and Japan’s consumer confidence data to be released.
The Nikkei futures contract in Chicago was at 26,810 while its counterpart in Osaka was at 26,770. Nikkei 225’s The previous close was at 27,049.47.
SPI futures in Australia stood at 6,592, lower than S&P/ASX 200Tuesday closed at 6,763.6.
US stocks give up early gains for overnight decline After disappointing economic data. The consumer confidence index fell to 98.7 in June, from 103.2 in May. According to the Conference Board.
The Dow Jones Industrial Average fell 491.27 points, or 1.56%, to end at 30,946.99. The S&P 500 slipped 2.01% to 3,821.55 and the Nasdaq Composite was down 3% at 11,181.54.
South Korea’s consumer sentiment index also fell, which stood at 96.4 for June 2022, According to a Bank of Korea survey, down 6.2 points from May’s print.
currencies
US Dollar IndexThe greenback, who tracks against a basket of his teammates, was at 104.506, down from 104 earlier this week.
Japanese yen After consolidating and holding steady over the past few sessions, it again weakened against the 136 level against the dollar. Australian Dollar was at $0.6907.