Asia markets are poised for a cautious open on Monday after the S&P 500 and Nasdaq closed at record highs last Friday.
Asia markets are set for a cautious open on the first day of the trading week after the S&P 500 and Nasdaq closed at record highs on Friday following comments by the U. S. Federal Reserve Chairman Jerome Powell, and after an announcement by China’s central bank regarding the yuan’s daily midpoint the same day.
Nikkei futures in Chicago traded at 22,650 and Osaka at 22,600, as compared to the index’s last close at 22,601.77.
In Australia, SPI futures traded at 6,220 as compared to the ASX 200’s last close at 6,247.3 following the appointment of the country’s new prime minister, Scott Morrison.
Wall Street ended the last trading week in positive territory. The S&P 500 rose 0.6 percent to close at 2,874.69 while the Nasdaq Composite climbed 0.9 percent to close at 7,975.98, a record high close for both indexes. The Dow Jones Industrial Average was up by 133.
