Asia-Pacific markets set to open higher as investors look past Trump’s tariffs; await China data
Here are the opening calls for the day
Good morning from Singapore.
Investors will be keeping a close watch on a slew of data points from China today, including its growth rate for the second quarter as well as urban investment and retail sales for June.
Economists polled by Reuters expect the Asian giant’s economy to expand 5.1% in the April to June quarter, from 5.4% in the preceding quarter.
Meanwhile, separate polls by Reuters show that China’s urban investments is forecast to have risen 3.6% between January and June, while its retail sales is expected to come in at 5.4% in June, compared to 6.4% the month before.
Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 39,560 while its counterpart in Osaka last traded at 39,510, against the index’s Monday close of 39,459.62.
Futures for Hong Kong’s Hang Seng index stood at 24,264, pointing to a stronger open compared to the HSI’s last close of 24,203.32.
Australia’s S&P/ASX 200 was also set to start the day higher with futures tied to the benchmark at 8,599, compared with its last close of 8,570.40.
— Amala Balakrishner
Stock futures open little changed
Stocks end Monday slightly higher
The major stock averages ended Monday in the green.
The S&P 500 edged higher by 0.14%, finishing at 6,268.56, while the Nasdaq Composite added 0.27% to settle at 20,640.33. The Dow Jones Industrial Average gained 88.14 points, or 0.20%, and ended at 44,459.65.
— Pia Singh
