Asia stocks eye cautious start amid growth concern: markets wrap
Asian stocks look set for a cautious open Friday as the delta virus strain and the prospect of reduced central bank stimulus weigh on the economic outlook, hurting commodities and bolstering the dollar.
Futures were modestly higher in Japan, Australia and Hong Kong. U.S. contracts fluctuated after the S&P 500 and Nasdaq 100 rose overnight in a choppy session, while Treasuries climbed and the dollar hit a nine-month high. Commodities have slumped, flashing a warning about the impact of Covid-19’s resurgence on the global recovery.
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