INGAPORE — Shares in Australia appeared set to slide on the open, with a muted buying and selling day anticipated forward in Asia-Pacific as main markets in China and Japan are closed for holidays.
Futures pointed to a decrease open for Australian shares. The SPI futures contract sat at 6,995, as in comparison with the S&P/ASX 200’s final shut at 7,025.80.
Traders in Asia-Pacific will proceed monitoring the Covid state of affairs in India because the nation continues to battle a lethal second wave of infections. Over the weekend, greater than 400,000 each day new instances had been registered for the primary time.
Markets in China, Japan and Thailand are closed on Monday for holidays.
The U.S. greenback index, which tracks the dollar towards a basket of its friends, was at 91.255 after rising late final month from under 90.9.
The Japanese yen traded at 109.29 per greenback, weaker than ranges under 108.5 towards the dollar seen final week. The Australian greenback modified arms at $0.7716, following its tumble in late April from above $0.776.