· Stock futures dip in overnight trading after S&P 500 ekes out record close
Futures tied to major U.S. equity benchmarks dipped early Friday as Wall Street looked set to wrap up the week with modest gains.
Dow Jones Industrial Average futures dipped 39 points. S&P 500 futures and Nasdaq 100 futures traded lower about 0.19% and 0.14%, respectively.
· Asian stocks on hold for Lunar New Year, bitcoin eyes record highs
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show restraint after a global stock market rally pushed many bourses to dizzying heights.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.05%, trading just shy of an all-time high reached in the previous session. Australian stocks lost 0.63%. Shares in Tokyo fell 0.2%, pulling back from 30-year highs.
Futures for the S&P 500 declined 0.12%. Euro Stoxx 50 futures were up 0.03%, German DAX futures slipped 0.14%, and FTSE futures eased 0.13%, pointing to a subdued start to European trading.
Markets in Greater China and most of Southeast Asia are closed on Friday for the Lunar New Year holiday. China’s stock and bond markets, foreign exchange and commodity futures markets are closed through Feb. 17 for the holiday.
· Equity markets drifted lower during the Asia-Pacific session on light volumes, as Chinese New Year celebrations curbed trade. Australia’s ASX 200 slipped 0.63% as Victoria, the nation’s second-most populous state, entered a snap 5-day lockdown due to an outbreak of coronavirus cases. Japan’s Nikkei 225 drifted 0.28% lower.
Reference: CNBC, Reuters
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