Dow falls for third straight session overnight stateside

SINGAPORE — Shares in Asia-Pacific looked set for a mixed start on Thursday, after the Dow Jones Industrial Average saw its third straight day of losses overnight on Wall Street.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,850 while its counterpart in Osaka was at 28,830. That compared against the Nikkei 225’s last close at 28,860.80.

Meanwhile, shares in Australia appeared poised to open little changed. The SPI futures contract sat at 7,272.0, against the S&P/ASX 200’s last close at 7,270.20.

Overnight stateside, the Dow dropped 152.68 points to 34,447.14 while the S&P 500 slipped 0.18% to 4,219.55. The Nasdaq Composite slipped roughly 0.1% to 13,911.75.

Those moves came ahead of U.S. consumer inflation data. The U.S. consumer price index for May, set to be reported at 8:30 a.m. ET Thursday, is expected to show headline inflation at 4.7% — the fastest pace since 2008.


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