Asian equity markets opened on a mixed note on Monday as investors awaited crucial events and policy cues lined up during the week. U.S. equity index futures held within a tight range after Wall Street recorded weekly gains, with market participants cautious ahead of a potential Federal Reserve rate cut bet later this week.
In the futures market, Dow Futures stood at 45,846, up 12 points or 0.03%, while Nasdaq Futures were at 24,095, edging higher by 3 points or 0.01%. The US Small Cap 2000 Futures traded at 2,398, a marginal gain of 1 point or 0.03%.
European futures were subdued with FTSE Futures at 9,283, down 13 points or 0.14%, and DAX Futures at 23,694, slipping 1 point or 0.01%. The CAC Futures in France were nearly flat at 7,821, up just 1 point or 0.01%.
In Asia, Hang Seng Futures were down 20 points or 0.09% at 26,367, while Taiex Futures in Taiwan slipped 63 points or 0.25% to 25,395. KOSPI in South Korea bucked the trend with a 7-point rise or 0.21% to 3,403. Back home, Gift Nifty was trading at 25,163, lower by 42 points or 0.17% on an adjusted basis.
On Wall Street’s last close, the Dow Jones Industrial Average ended at 45,834, down 274 points or 0.59%. The Nasdaq Composite settled at 22,141, rising 98 points or 0.44%.
