Australia stocks set for lower start; bitcoin bounces back

4 days ago
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SINGAPORE — Shares successful Australia looked acceptable to to gaffe astatine the Thursday open, with markets successful Japan closed for a holiday.

Futures pointed to a little unfastened for Australian stocks. The SPI futures declaration was astatine 7,290 arsenic compared with the S&P/ASX 200's past adjacent astatine 7,308.70.

Concerns implicit the coronavirus concern successful Asia-Pacific whitethorn proceed to measurement connected determination sentiment connected Thursday. Australia's 2 largest states on Wednesday reported crisp increases successful caller Covid infections, portion Indonesia saw grounds precocious deaths from the virus, according to Reuters.

Markets successful Japan are closed connected Thursday for a holiday.

Meanwhile, the price of bitcoin rebounded aft precocious falling beneath the $30,000 mark. It traded astatine $32,086.50 arsenic of 7:33 p.m. ET Wednesday, according to Coin Metrics.

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Overnight stateside, the Dow Jones Industrial Average gained 286.01 points to 34,798 portion the S&P 500 roseate 0.82% to 4,358.69. The Nasdaq Composite precocious 0.92% to 14,631.95.

Currencies

The U.S. dollar index, which tracks the greenback against a handbasket of its peers, was astatine 92.754 aft a caller autumn from supra 93.

The Japanese yen traded astatine 110.26 per dollar, weaker than levels beneath 109.5 seen against the greenback earlier this week. The Australian dollar changed hands astatine $0.7355, supra levels beneath $0.732 seen yesterday.