INGAPORE – Shares in Australia seem to be slipping out in the open, with a muted trading day expected in the Asia-Pacific region as major markets in China and Japan are closed for the holidays.
Futures reported a lower open level for Australian stocks. SPI’s futures contract equals 6,995, compared to the last closing of the S & P / ASX 200 at 7025.80.
Investors in the Asia-Pacific region will continue to monitor the situation with Covid in India as the country continues to fight a deadly second wave of infections. Over 400,000 new cases were registered daily for the first time over the weekend.
Markets in China, Japan and Thailand are closed on Monday for holidays.
The index of the US dollar, which tracks the exchange rate against a basket of its peers, was at 91
The Japanese yen traded at 109.29 per dollar, which is lower than the levels below 108.5 compared to the greenback observed last week. The Australian dollar changed hands to $ 0.7716, after falling at more than $ 0.776 at the end of April.