Asia-Pacific markets are poised to unfastened little Monday arsenic investors measure the latest Trump administration's caller circular of tariffs and jobs information report, which dragged Wall Street little and fueled bets connected a Fed complaint chopped adjacent month.
Investors volition besides beryllium watching lipid prices aft OPEC+ concluded a slew of large output hikes.
Here are the opening calls for the day
Good greeting from Singapore.
Investors are continuing to measure the U.S.'s latest tariffs which person present raised concerns implicit mounting ostentation levels and an economical slowdown.
They volition besides beryllium keeping a ticker connected lipid prices aft OPEC+ agreed to raise accumulation to 547,000 barrels per day successful September.
Japan's benchmark Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 39,965, portion its counterpart successful Osaka past traded astatine 39,900, against the index's Monday adjacent of 40,799.60.
Futures for Hong Kong's Hang Seng index stood astatine 24,282 pointing to a weaker unfastened compared with the HSI's past adjacent of 24,507.81.
Australia's S&P/ASX 200 was acceptable to commencement the time little with futures tied to the benchmark astatine 8,587, compared with its past adjacent of 8,662.
— Amala Balakrishner
OPEC+ hikes lipid accumulation by 547,000 barrels per time for September
Oil prices slipped connected Friday, weighed down by a stronger U.S. dollar and the anticipation that OPEC+ volition further summation its crude lipid output.
Dado Ruvic | Reuters
OPEC+ agreed connected Sunday to raise lipid production by 547,000 barrels per time for September, the latest successful a bid of accelerated output hikes to regain marketplace share, arsenic concerns equine implicit imaginable proviso disruptions linked to Russia.
OPEC+ cited a steadfast system and debased stocks arsenic reasons down its decision.
"Given reasonably beardown lipid prices astatine astir $70, it does springiness OPEC+ immoderate assurance astir marketplace fundamentals," said Amrita Sen, co-founder of Energy Aspects, adding that the marketplace operation was besides indicating choky stocks.
In aboriginal Asian commercialized connected Monday, Brent crude futures fell 43 cents, oregon 0.62%, to $69.24 a tube by 2218 GMT, portion U.S. West Texas Intermediate crude was astatine $66.94 a barrel, down 39 cents, oregon 0.58%, aft some contracts closed astir $2 a tube little connected Friday.
Read much here.
— Reuters
Fri, Aug 1 20254:17 PM EDT
Stocks adjacent little
Stocks closed little connected Friday, aft a weaker-than-expected jobs study disquieted investors that the system is meaningfully slowing down.
The S&P 500 slipped 1.6% to adjacent 6,238.01, portion the Nasdaq Composite pulled backmost 2.24% 20,650.13. The Dow Jones Industrial Average fell 542.40 points, oregon 1.23%, to decorativeness the league 43,588.58.
— Brian Evans
English (US) ·