Rising crude prices and divergent August PMI data weigh on sentiment after Wall Street declines overnight.
Asian markets traded unevenly Friday, mirroring Wall Street’s overnight losses as oil prices climbed above $86, stoking inflation fears. Investors also assessed U.S. Treasury borrowing plans, which added to uncertainty ahead of key economic data releases.
S&P 500 futures remained near weekly lows, reflecting cautious sentiment. August PMI readings highlighted uneven regional growth, with manufacturing and services activity varying across major economies. The mixed signals followed a volatile session in U.S. equities, where concerns over monetary policy and energy costs dominated.
U.S. index futures showed modest gains in early Asian trading, though broader sentiment stayed subdued amid lingering macroeconomic risks.