US and European Stock Futures Hold Firm Ahead of CPI Data – Asia Market Wrap
US and European share futures remained calm ahead of highly awaited US inflation data due later Thursday, but Asia’s session saw advances for tech titans.
Euro Stoxx 50 contracts were barely changed, while S&P 500 and Nasdaq 100 futures pared previous advances in Asian trading.
Major benchmarks for Japan, South Korea, and mainland China increased, while those for Australia and Hong Kong decreased. MSCI’s Asia-Pacific index was unchanged following five straight days of increases.
Treasuries held steady after a gain across the curve on Wednesday, but Australian and New Zealand government bonds rose Thursday. The Dollar index was barely changed, as the Yen remained firm versus the Dollar.
Meanwhile, Mexico is considering imposing tariffs of up to 50% on autos, auto parts, steel, and textiles from China and other nations with whom it does not have a trade agreement, according to Economy Minister Marcelo Ebrard.
