Tokyo and U.S. inflation data will influence the opening of Asia-Pacific markets.
- Tokyo's June inflation data will be released by Japan, indicating the capital city's trends are often representative of the country as a whole.
- On Thursday, the yen hit its weakest level against the greenback in 38 years, and it currently still stands beyond the 160 mark against the dollar.
On Friday, Asia-Pacific markets opened with mixed sentiment, as investors looked to economic data from Japan and the U.S. for indications of their respective monetary policy directions.
Despite hitting its weakest level against the dollar in 38 years on Thursday, the Japanese yen still remains above the 160 mark.
Tokyo's June inflation data will be released by Japan, indicating its significance as a predictor of national trends.
The country will also release unemployment numbers and industrial production data for May.
The futures market in Japan is expected to recover, as indicated by the Chicago futures contract at 39,620 and the Osaka futures contract at 39,580, both higher than the previous close of 39,341.54.
The S&P/ASX 200 for Australia rose to 7,775 from its previous close of 7,759.6.
On Thursday, the Hang Seng index futures were at 17,524, which was lower than its last close of 17,716.47. Despite this, the index had reached a near two-month low.
In the U.S., the S&P 500 gained a small amount overnight while Wall Street anticipates new inflation data to determine when the Federal Reserve will start lowering interest rates.
On Friday, the U.S. will reveal its preferred inflation measure, the personal consumption expenditure index.
The Nasdaq Composite and Dow Jones Industrial Average both experienced slight gains, with the Nasdaq Composite adding 0.30% and the Dow Jones Industrial Average inching up 0.09%.
—CNBC's Hakyung Kim and Sarah Min contributed to this report.
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