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Australia’s trade data for July ahead

SINGAPORE — Shares in Asia-Pacific looked set for a mixed start on Thursday, with Australia’s July trade data expected later in the day.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,515 while its counterpart in Osaka was at 28,550. That compared against the Nikkei 225’s last close at 28,451.02.

Australian stocks, on the other hand, appeared poised to slip at the open. The SPI futures contract was at 7,454.0, against the S&P/ASX 200’s last close at 7,527.10. Australia’s trade data for July is set to be released at 9:30 a.m. HK/SIN.

In Covid vaccine developments, Moderna and Takeda Pharmaceutical announced Wednesday they are working with Japanese authorities to recall several batches after stainless steel contaminants were discovered in some vials.

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Overnight stateside, the S&P 500 closed marginally higher at 4,523.09 while the Nasdaq Composite climbed 0.33% to 15,309.38. The Dow Jones Industrial Average lagged as it declined 48.2 points to 35,312.53.

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