Japan stocks set for mixed start; Dow closes at new record overnight

0
28

[ad_1]

SINGAPORE — Shares in Japan were set for a mixed start as the Dow Jones Industrial Average closed at a new record overnight on Wall Street.

Futures pointed to a mixed open for Japanese stocks. The Nikkei futures contract in Chicago was at 29,400 while its counterpart in Osaka was at 29,330. That compared against the Nikkei 225’s last close at 29,384.52.

Japan’s retail sales data for February is expected to be out at around 7:50 a.m. HK/SIN on Tuesday.

Investors will be watching shares of Nomura after the Japanese financial services firm tumbled more than 16% on Monday. It came after the company warned of a “significant loss” at one of its U.S. subsidiaries, resulting from transactions with a client stateside.

Shares in Australia edged higher in morning trade as the S&P/ASX 200 gained 0.44%.

Overnight stateside, the Dow Jones Industrial Average closed 98 points higher at a fresh record of 33,171. The S&P 500 declined fractionally on the day to 3,971.09 while the Nasdaq Composite dipped 0.6% to 13,059.65.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.944 as it largely held on to gains following its rise last week from below the 92 level.

The Japanese yen traded at 109.82 per dollar, still relatively weaker than levels below 109 against the greenback seen last week. The Australian dollar changed hands at $0.7634, off levels below $0.762 seen in the previous trading week.

Here’s a look at what’s on tap:

  • Japan: Retail sales data for February at 7:50 a.m. HKS/IN

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here