Australian shares are set to open lower, after a mixed session on Wall Street.

ASX futures were down 0.2% or 16 points as of 8:00am on Monday, suggesting a lower open.

U.S. stocks traded mixed on Friday. The S&P 500 finished 0.2% lower at 5,465, the Nasdaq Composite also dipped 0.2% to 17,689, while the Dow Jones Industrial Average rose just 0.04% to 39,150.

In commodity markets, Brent crude oil was down 0.6% to US$85.24 a barrel, while gold was down 1.6% at US$2,321.98.

In local bond markets, the yield on Australian 2 Year government bonds was unchanged at 4.01% while the 10 Year yield was up at 4.21%. US Treasury notes were mixed, with the 2 Year yield down at 4.73% and the 10 Year yield unchanged at 4.26%.

The Australian dollar was 66.37 US cents, down from its previous close of 66.54. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was up at 100.36.


Chinese shares ended lower, weighed by consumer-related stocks. The benchmark Shanghai Composite Index ended 0.2% lower at 2,998.14, the Shenzhen Composite Index was down 0.1% and the ChiNext Price Index dropped 0.4%. DBS analysts expect Chinese stocks to continue to recover in 2H amid better liquidity despite the lingering property downturn. Liquor giant Kweichow Moutai dropped 1.9% and Wuliangye Yibin was 1.5% lower. China Tourism Group Duty Free Corp. declined 1.1% and Shanghai Jinjiang International Hotels was off 0.9%. Telecom stocks lifted the market, with China Mobile up 1.0% and China Unicom advancing 1.1%.

Hong Kong shares closed lower, dragged by property and tech stocks. Investors are watching for more pragmatic policies on China's economy in the coming third plenary meeting in July, Daiwa analysts write in a note. Property stocks led the losses with Hang Lung Properties down 4.6% and New World Development falling 3.6%. Tech stocks also declined with Meituan and Netease down 3.1% and 2.6%, respectively. Among the few gainers, Alibaba Health Information was up 0.3% and China Mobile closed flat. China Evergrande New Energy Vehicle surged 56% on industry rumors, analysts say. The benchmark Hang Seng Index closed 1.7% lower at 18,028.52 and the Hang Seng Tech Index fell 1.8%.

Japanese stocks ended lower, dragged by falls in tech and real-estate stocks, as uncertainty continues about the Bank of Japan's policy outlook and its impact on borrowing costs. SoftBank Group dropped 3.1% and Sumitomo Realty & Development lost 1.2%. The Nikkei Stock Average fell 0.1% to 38,596.47. The 10-year Japanese government bond yield rose 2.5 basis points to 0.975%. Investors are focusing on economic data and any comments by Japanese officials against the yen's recent depreciation.

India's benchmark Sensex closed 0.35% lower at 77,209.90, erasing earlier gains. Although HSBC's June flash PMIs for India showed robust activity for manufacturing firms, future business expectations slumped for the manufacturing and services sectors. Among decliners, UltraTech Cement fell 2.2%, Larsen & Toubro lost 1.8% and Tata Motors was 1.7% lower. Among gainers, Bharti Airtel gained 2.3%, Infosys rose 1.1% and Tata Consultancy Services was 0.6% higher.


Stocks in the U.K. slipped Friday, as the FTSE 100 Index declined 0.4% to 8,237.72.

Among large companies, Dr. Martens PLC posted the largest decline, dropping 5.1%, followed by shares of Molten Ventures PLC, which fell 4.7%. Shares of Oxford Nanopore Technologies PLC fell 4.4%.

Britvic PLC was the biggest gainer during the session, surging 7.8%, and ITV PLC surged 4.7%. Fevertree Drinks PLC rounded out the top three movers on Friday, as shares gained 3.8%.

In Europe, shares closed lower, with the STOXX Europe 600 Index down 0.7% to 515.11, Germany's DAX lost 0.5% to 18,163.52 and France's CAC 40 dropped 0.6% to 7,628.57.

North America

U.S. benchmarks finished mixed.

The S&P 500 finished 0.2% lower at 5,465, the Nasdaq Composite also dipped 0.2% to 17,689, while the Dow Jones Industrial Average rose just 0.04% to 39,150.