SINGAPORE – Asia-Pacific markets will open lower on Thursday after two days of losses on Wall Street.
Nikkei futures in Chicago are at 27,110 while its counterpart in Osaka is at 27,070. That compared to Nikkei 225’s last close at 27,350.30.
Australian futures also showed declines. ASX SPI 200 futures were at 7,434, down from Wednesday’s close of 7,490.1.
According to central bank news, the Reserve Bank of India will continue its monetary policy meeting on Thursday.
Overnight in America, Major stock indexes fell on Monday as investors react to the Fed’s direction to tighten monetary policy.
Fed meeting minutes show officials looking for ways shrink its balance sheet by $95 billion per month. Interest rates are also expected to rise faster.
The Dow Jones Industrial Average slipped 144.67 points, or 0.42%, to 34,496.51. The S&P 500 down 0.97% to 4,481.15 and Nasdaq Composite fell another 2.22% to 13,888.82 after falling about 2.3% on Tuesday.
The yield on the 10-year Treasury note rose to a three-year high above 2.65% on Wednesday and was last at 2.5975%.
On the economic front, weekly US jobless claims data will be released Thursday morning in the US
Currency
The US Dollar Indextracks the greenback against its basket of coins, last trading at 99.599
The Japanese yen was trading at 123.88 per dollar, while Australian dollar at $0.7513, slightly weaker than yesterday’s level.
