US stock futures slide, yen edges up, oil rises

A monitor displays stock market information on the floor of the New York Stock Exchange . (Bloomberg pic)

TOKYO: US equities futures fell, contracts on the Nikkei 225 Stock Average turned lower and the yen edged up against the dollar as trading got under way in Asia Wednesday, showing no respite from the risk aversion that’s roiled markets this month.

The trading day will open Wednesday in Asia with no guide from US markets that were closed for Christmas.

Traders will be digesting overnight comments from President Donald Trump about the Federal Reserve that were less abrasive than those earlier this month.

Trump expressed confidence that the US central bank will “get it pretty soon,” after having criticised Chairman Jerome Powell repeatedly for raising interest rates.

Ten-year Treasury yields will start trading at their lowest level since April. West Texas Intermediate crude advanced, though remained below US$43 (RM179) a barrel.

The offshore yuan is little changed after China released new rules promising to treat all companies equally, the latest positive step on the trade and investment front since US and Chinese tariff hikes were set on pause.