Asian equity futures signaled a stronger open following gains on Wall Street as worst-case scenarios for North Korea and hurricanes in the U.S. didn’t eventuate. The yen declined.
The S&P 500 Index climbed above 2,500 for the first time on Friday and the Dow Jones Industrial Average chalked another record close as investors largely shrugged off one more North Korean missile test. The dollar declined after U.S. retail sales fell in August, raising concerns about the strength of the economy. With weaker readings also on factory output and consumer confidence the focus now turns to the U.S. Federal Reserve meeting this week as investors look to gauge interest-rate policy. Japan markets are closed for a holiday on Monday.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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