The US markets were closed on Tuesday, while the US stock futures traded lower in early Asian trade.
In Asia, Japan’s service activity maintained a brisk pace of growth in June as the final au Jibun Bank Japan Services purchasing managers’ index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May.
Investors will also keep an eye on the Caixin China purchasing managers’ index for further cues on the health of the world’s second largest economy.
On the domestic front, the Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook.
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Asian Markets
Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.
Hong Kong’s Hang Seng index futures were trading around 150 points lower at 19,265.
In Australia, the S&P/ASX 200 fell marginally.
Meanwhile, Gift Nifty was trading 13.50 points, or 0.07%, higher at 19,507, indicating a flat start for the broader Indian index.
Wall Street
The US stock market was closed on Tuesday for Independence Day.
However, the US stock futures traded lower. The Dow Jones Industrial Average futures fell 0.11%, while S&P 500 futures declined 0.9% and Nasdaq Composite futures fell 0.17%.
On Monday, the Dow Jones Industrial Average rose 10.87 points, or 0.03%, at 34,418.47. The S&P 500 gained 5.21 points, or 0.12%, at 4,455.59. The Nasdaq Composite added 28.85 points, or 0.21%, at 13,816.77.
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Europe
European stocks fell on Tuesday, led by real estate and healthcare shares. The pan-European STOXX 600 index ended 0.1% higher.
Britain’s FTSE 100 eased 0.1% to 7,519.72 points, while France’s CAC 40 dropped 0.23% to 7,369.93. Germany’s DAX fell 0.26% to 16,039.17.
Energy
Crude oil prices eased as fears over a global economic slowdown denting fuel demand outweighed expectations of tighter supply due to output cuts announced by top exporters Saudi Arabia and Russia for August.
Brent crude was down 0.2% at $76.11 a barrel, while US West Texas Intermediate (WTI) crude futures were at $71.14 a barrel, up $1.35, or 1.9%, from Monday's close, having traded through a US holiday to mark Independence Day without a settlement.
Currencies
The dollar drifted near the middle of its range of the past three weeks against major peers on Wednesday, as traders looked ahead to the release of minutes from the Federal Reserve's latest meeting for clues about the path for monetary policy, Reuters reported.
The dollar index - which measures the currency against a basket of six major peers, including the euro and yen - was little changed at 103.02.
Europe’s shared currency edged 0.1% higher to $1.0886, while Australia's dollar was flat at $0.6690.
The dollar hovered about half a yen below the 145 level and the yuan was little changed at 7.231 per dollar in offshore trading.
Gold price today
Gold prices held steady ahead of the release of the US Federal Reserve’s latest monetary policy meeting minutes and other economic data, with a firmer dollar keeping prices in check.
Spot gold held steady at $1,926.52 per ounce, while US gold futures rose 0.3% to $1,934.30.
(With inputs from Reuters)
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Updated: 05 Jul 2023, 07:11 AM IST
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