Bank of Japan tankan, coronavirus, currencies


SINGAPORE — Stocks in Asia-Pacific were set for a mixed start on Thursday, with multiple major markets in the region closed for holidays.

Futures pointed to a higher open for stocks in Japan. The Nikkei futures contract in Chicago was at 23,395 while its counterpart in Osaka was at 23,290. That compared against the Nikkei 225’s last close at 23,185.12.

Meanwhile, shares in Australia were set to dip, with the SPI futures contract at 5,813.0, as compared to the S&P/ASX 200’s last close at 5,815.90.

On the economic data front, the Bank of Japan’s quarterly tankan business sentiment survey is set to be out around 7:50 a.m. HK/SIN on Thursday.

Markets in China, Hong Kong, South Korea and Taiwan are closed on Thursday for holidays.

Overnight stateside, the Dow Jones Industrial Average gained 329.04 points, or 1.2%, to close at 27,781.70. The S&P 500 added 0.8% to end its trading day at 3,363.00, while the tech-heavy Nasdaq Composite rose 0.7% to close at 11,167.51.

The moves on Wall Street came as U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus aid deal. The two will continue talks as they try to craft a fifth package that could pass both chambers of Congress.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.886 in a week that has seen it decline from levels above 94.2.

The Japanese yen traded at 105.43 per dollar after seeing levels above 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7171 following its rise yesterday from levels below $0.715.

What’s on tap:

  • Japan: Bank of Japan’s quarterly tankan business sentiment survey at 7:50 a.m. HK/SIN

— CNBC’s Yun Li contributed to this report.



Source link

Discover

Sponsor

Latest

Japan’s Suga signals ultra-easy monetary policy to continue

Yoshihide Suga, chief cabinet secretary of Japan, speaks during a press conference.Akio Kon | Bloomberg | Getty ImagesJapan's Chief Cabinet Secretary Yoshihide Suga,...

Drugmakers pledge to prioritize safety; WHO says ‘this will not be the last pandemic’

Nine drugmakers working on coronavirus vaccines publicly pledged on Tuesday to prioritize safety and uphold rigorous scientific standards as concerns mount of political...

U.S. weekly jobless claims total 860,000, vs 875,000 expected

First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.Filings totaled 860,000 for...

Philadelphia 76ers need Doc Rivers to fix its culture, win as the team eyes future business

Doc Rivers, then of the LA Clippers yells to his team during the fourth quarter against the Dallas Mavericks in Game Four of...

Joe Biden woos a key Trump bloc: Cuban-American voters in Florida

Democratic presidential nominee and former Vice President Joe Biden speaks at an event at the Jose Marti Gym during a campaign stop in...