Private survey on the activity of Chinese services in May to come
SINGAPORE – Stocks in Asia-Pacific looked set for a mixed start on Thursday, ahead of data release in Australia and China.
Futures have indicated a lower opening for Japanese stocks. The Nikkei futures contract in Chicago was at 28,860 while its counterpart in Osaka was also at 28,860. This compares to the last close of the Nikkei 225 at 28,946.14.
Australian stocks, on the other hand, looked poised for an opening rise. The SPI futures contract was at 7,229, against the last close of the S & P / ASX 200 at 7,217.80.
On the economic data front, Australian retail sales data for April is due at 9:30 am HK / SIN on Thursday.
Looking ahead, a private survey of services activity in China for May is expected to be released on Thursday, with the Caixin / Markit Service Purchasing Managers Index expected at 9.45am HK / SIN on Thursday.
Stocks on Wall Street edged up overnight in the United States. The Dow Jones Industrial Average gained 25.07 points to 34,600.38 while the S&P 500 climbed 0.14% to 4,208.12. The Nasdaq Composite rose 0.14% to 13,756.33.
The Japanese yen was trading at 109.58 to the dollar, lower than the levels below 109.5 seen against the greenback earlier this week. The Australian dollar changed hands to $ 0.7747, after climbing around $ 0.772 yesterday.
Here’s a rundown of what’s available:
- Australia: April retail sales and trade data at 9:30 a.m. HK / SIN
- China: Caixin Services Purchasing Managers Index for the month of May at 9.45 a.m. HK / SIN