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Asian equities are expected to fall on Thursday after a pullback in Wall Street overnight, as investors wait for the release of Australian data on employment.
Futures contracts indicated lower opening for Japanese equities, with the Nikkei futures contract at 21,295, compared to the Nikkei 225's closing price at 21,469.18.
Australian equities were also on the cusp, with the SPI futures contract at 6,591.0%, compared with the last closed S & P / ASX 200 at 6,673.30.
Investors will pay attention to the publication of Australian job data, which is due to be released at 9:30 am HK / SIN.
Taiwan Semiconductor Manufacturing Company, Apple's supplier, is also expected to release its results on Thursday.
Chart of Asia-Pacific Market Indexes
Overnight on Wall Street, the Dow Jones Industrial Average lost 115.78 points to close the trading day at 27,219.85. The S & P 500 slid by about 0.65% to close at 2,984.42. The Nasdaq Composite finished down 0.46% to about 8,185.21.
US stocks closed at their lows today, just after the Wall Street Journal announced that trade talks with China were stalled over Huawei's restrictions, citing people close to the talks.
On Tuesday, US President Donald Trump said that there was still a long way to go before an agreement with China could be reached, while threatening to lower tariffs on Chinese products. 39, an additional value of $ 325 billion.
"Donald Trump's renewed commercial threats this week undermine the relief of the resumption of US-China trade talks approved by Presidents Trump and Xi at the June G20 meeting," Vishnu Varathan, Head of Economic and Strategic Affairs, said on Thursday. at the Mizuho Bank.
"It is a timely reminder that it is too complacent to consider Sino-US risks as having a short" half-life ", which diminishes proportionally with the advancement of bilateral trade negotiations", said Varathan.
At the same time, the profits recorded during the current earnings season were better than expected. According to FactSet data, more than 7% of S & P 500 companies reported their second quarter results to date. About 85% of these companies had earnings above badysts' expectations.
The US dollar index, which compares the greenback to a basket of peers, was at 97.223 after dipping below the 97.2 level yesterday.
The Japanese yen, widely regarded as a safe haven currency, traded at 107.96 against a dollar, after having firmed up after pbading the 108.0 yesterday. The Australian dollar changed hands at $ 0.7010, a level close to $ 0.700 observed in the previous session.
Here is an overview of the data to be published during the day:
- Japan: trade data for June at 07:50 HK / SIN
- Australia: data on employment in June at 9:30 am HK / SIN
- South Korea: Bank of Korea decision on interest rates at 9:00 am HK / SIN
- Indonesia: Bank of Indonesia decision on interest rate at 15:30 HK / NAS
– Fred Imbert of CNBC contributed to this report.
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