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Brics News
Thursday, September 19, 2024

Japan pay data, Australia trade, Singapore retail sales

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The world's busiest crosswalk

© Marco Bottigelli | Moment | Getty Images

Asia-Pacific markets mostly opened lower on Thursday, extending losses as U.S. and U.S. stocks fell. S&P 500 Index and Nasdaq Index It fell for the second day in a row.

“Investors are a little nervous; it's a low-confidence trade. Everyone is waiting for the jobs report this Friday, and until then, we're in a hold mode,” said Keith Lerner, co-chief investment officer of commercial bank Truist. .

Asian investors are assessing Japan's wage data for July, which could provide clues on the Bank of Japan's monetary policy measures.

Average monthly cash income in the country Annual growth of 3.6%, slower than the same period last year up 4.5% June.

A strong wage report will provide the central bank with more data to support interest rate hikes, while a weak wage report will limit its options.

Other economic data from the region includes trade data from Australia and retail sales data from Singapore.

Japanese Nikkei 225 Index Futures showed that the market opened softer, with the Chicago futures contract at 36,295 points and the Osaka futures contract at 36,250 points, compared with the previous closing price of 37,047.61 points.

If futures are correct, it would be the first time the index has fallen below the 37,000 mark since August 15.

Australia's S&P/ASX 200 index futures were at 7,940 points, slightly lower than the previous closing point of 7,950 points.

In contrast, Hong Kong Hang Seng Index Index futures were at 17,461 points, slightly higher than the Hang Seng Index's last closing point of 17,457.34 points.

In the United States, the S&P 500 and Nasdaq fell for a second straight session.

The Composite Index fell 0.16% and the Technology Index fell 0.3%. The exception was the Dow Jones Industrial Average, which edged up 0.09%.

—CNBC’s Samantha Subin and Sarah Min contributed to this report.

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