Asian markets have slipped in mid-week trade after U.S. equities staged a pullback from their record highs overnight.

Benchmark indices in Japan, Australia and South Korea are trading with losses this morning. Sentiment was hit after senate republicans blocked an attempt by the democrats to increase direct payments to individuals to $2,000 from $600.

The U.S. Dollar weakened, treasuries edged higher while oil prices were steady.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 13,974 as of 6:55 a.m.

Let’s take a look at the factors that may influence equities in today’s session:

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