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Asia shares weighed by cautious mood, oil settles

Updated : April 09, 2019 08:25 AM IST

MSCI's broadest index of Asia-Pacific shares outside Japan was basically flat after brushing its highest since late August last year during the previous session. Japan's Nikkei dipped 0.15 percent, while Australian shares and Chinese blue chips held steady. E-Mini futures for the S&P 500 lost 0.15 percent.
The S&P 500, however, moved on its own momentum for its eight straight session of gains and the longest winning streak since October 2017, as rallying crude prices overnight lifted energy shares.
Investors will also focus on a European Central Bank meeting on Wednesday and the start in earnest of the US first-quarter earnings period, with analysts now expecting it to be the first quarter of contracting corporate earnings since 2016.
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