SINGAPORE — Asia-Pacific stocks appeared set for a lower start on Thursday, with investors awaiting the release of China’s trade data for May expected later today.
Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,195 while its counterpart in Osaka was at 28,140 — against the Nikkei 225’s last close at 28,234.29.
Australian stocks also looked poised for a lower open, with the SPI futures contract at 7,079, against the S&P/ASX 200’s last close at 7,121.10.
China is set to announce its trade data for May later on Thursday.
The European Central Bank is also expected to signal a July rate hike at its policy meeting later on Thursday. In Asia-Pacific, the central banks of Australia and India both announced rate hikes earlier this week.
Overnight on Wall Street, the S&P 500 shed 1.08% to 4,115.77. The Dow Jones Industrial Average slipped 269.24 points, or 0.81%, to 32,910.90. The Nasdaq Composite shed 0.73% to 12,086.27.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 102.542 in a turbulent week that has seen it go from levels below 102 to around 102.8.