China trade data, SoftBank earnings, currencies, oil
SINGAPORE — Futures in the Asia-Pacific pointed to a lower open Monday, with SoftBank set to report earnings after the market close.
The Nikkei futures contract in Chicago was at 28,045 while its counterpart in Osaka was at 28,110. That compared against the Nikkei 225’s last close at 28,175.87.
In Australia, SPI futures were at 6,907, lower than the S&P/ASX 200‘s last close at 7,015.6.
Over the weekend, China reported trade data for July that showed dollar-denominated exports grew 18% compared to a year ago.
That’s the fastest pace of growth this year and beat analysts’ expectations for a 15% increase, Reuters reported.
China’s dollar-denominated imports increased 2.3% in July compared to the same period in 2021, lower than the expected 3.7% gain.