[MARKET ANALYSIS] Asia-Pac stocks are mostly as sentiment soured amid higher oil prices
Importance
Level 1
APAC Stocks: Negative
- Asia-Pac stocks trade mostly negative despite the positive handover from Wall St, with headwinds seen amid higher oil prices and following the recent bout of mixed geopolitical headlines.
ASX 200: -0.7%
- Declined with the downside led by weakness in the consumer-related sectors and with nearly all industries subdued aside from energy, while the improvement in PMI data, which returned to expansionary territory, did little to spur a rebound.
Nikkei 225: -1.1%
- Swung between gains and losses with the index retreating after hitting a fresh record high above the 60,000 level, with pressure seen amid fluctuations in oil.
Hang Seng & Shanghai Comp: Hang Seng -1.0% / Shanghai Comp -0.6%
- Chinese markets are lower amid a slew of earnings updates and as the weakness seen in retailers and autos clouded over the gains in the energy majors.
US Equity Futures: Lower
- US equity futures pulled back overnight with sentiment pressured by higher oil prices.
European Equity Futures -1.2%
- Indicate a lower cash market open with Euro Stoxx 50 futures down 1.2% after the cash market closed with losses of 0.4% on Wednesday.