Stock markets across Asia are little changed this morning as most peers are shut on account of the Lunar New Year Holiday.
Benchmark indices in Japan ticked higher while those in Australia declined. Futures on the Dow Jones are flat – just the way the index ended overnight. The S&P 500 eked out gains to end at an all-time high.
Treasuries held overnight losses, the U.S. Dollar was steady while oil prices fell post the International Energy Agency’s bleaker outlook for global demand.
West Texas Intermediate crude fell 0.6% to $57.9 per barrel. The IEA said that the global oil market remains fragile as the pandemic continues to limit travel and economic activity.
Elsewhere, Bitcoin too hit a new high, now trading past the $48,000 mark after Mastercard and BNY Mellon Corp. made it easier for customers to use cryptocurrencies.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 15,185 as of 7:05 a.m.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.