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Asia-Pacific stocks were mostly lower on Thursday as investors sought fresh market catalysts ahead of Japanese inflation data and manufacturing and services PMI data across the region due on Friday.
Japan(NKY:IND) +0.01%. The index reversed earlier gains Caution dominated market sentiment ahead of the release of key Japanese economic data.
China (Shanghai Composite Index) -0.39%. Mainland stocks hit a two-month low as China’s central bank kept key lending rates unchanged. The People’s Bank of China maintained the one-year and five-year preferential loan interest rates at 3.45% and 3.95%.
China’s latest batch of economic reports showed an uneven recovery, leading markets to seek more policy support from the authorities.
Hong Kong (Hang Seng Index) -0.66%.
India (SENSEX) +0.11%.
Australia (AS51) -0.10%.
U.S. stock markets were closed Wednesday for Juneteenth.
U.S. stock futures were mixed on Thursday as trading resumed after the holidays and investors assessed whether key technology companies can continue to push the market higher: Dow Jones +0.16%; S&P 500 Index +0.30%; Nasdaq +0.49%.
Investors are looking forward to the Bank of England’s policy decision later today, which is expected to keep interest rates steady ahead of its first rate cut in August.
U.S. housing starts, building permits and jobless claims are due on Thursday, while Japanese inflation data and manufacturing and services PMI data across the region are due on Friday.
currency: (Japanese yen: U.S. dollar), (RMB: U.S. dollar), (Australian dollar: U.S. dollar), (Indian rupee: U.S. dollar), (Hong Kong dollar: U.S. dollar), (New Zealand dollar: U.S. dollar).
