AUDUSD: Asian stocks opened lower after a negative overnight ses
Asia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve.
As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points.
US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively.
Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points.
US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively.
Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
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