Futures are currently experiencing a decline following a strong performance the previous day. Investors are awaiting important economic indicators, particularly the reports on August Building Permits and New Home Sales, which will provide insights into the health of the U.S. housing market.

The yield on the U.S. 10-year treasury has increased to around 3.737%, while WTI crude oil futures are trending downward, currently priced at approximately $71.29 per barrel. In the Asia-Pacific region, market trading has been mixed due to the Chinese central bank’s decision to lower the one-year medium-term lending facility rate from 2.3% to 2%.

• The Hang Seng index in Hong Kong has risen by 0.69%.
• The Shanghai Composite and Shenzhen Component indices have gained 1.21% and 1.28%, respectively.
• In contrast, Japan’s Nikkei and Topix indices have seen slight declines of 0.19% and 0.23%.

European markets are expected to open lower, as there are concerns that the recent positive momentum from stimulus measures in China may be diminishing. Investors are closely monitoring these developments for further economic insights.

📎 Source reference: tipranks.com