MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3% and further away from a four-month top hit last week. Japan’s Nikkei shed 2.2% and Chinese blue chips 0.9%.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, for a weekly gain of around 0.5%. Japan's Nikkei rose 1% to sit flat for the week.
“We’re looking for a modestly positive day,” said Michael McCarthy, chief markets strategist at CMC Markets. “Markets look frothy based on a V-shaped recovery.”
U.S. S&P 500 futures rose 0.3%, having erased early losses of 1.05%, while Japan's Nikkei also recovered from early losses to trade either side of flat.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 2.2%, its biggest one-day gain since June 1. Australian stocks rose 3.0%, while shares in China rose 1.2%.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. Japan’s Nikkei faltered 0.7%.
MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.52%, after a strong run-up in recent weeks. Australian stocks dropped 1.89%, while shares in China fell 0.45%.
Fed officials at their policy meeting on Wednesday said U.S. gross domestic product is expected to decline 6.5% this year. They also flagged the need to keep the key interest rate near zero through at least 2022.
European markets were set to follow that lead with pan-European Euro Stoxx 50 futures up 0.4% and DAX futures rising 0.3%. U.S. S&P 500 futures eased 0.15%.