Investors are likely to be cautious after the important U.S. jobs data as well as Chinese trade data missed expectations last Friday.
Asia Pacific markets were set to trade lower on Monday amid growing concerns over a global economic slowdown after important data in the United States and China missed expectations last week.
In Australia, the ASX 200 fell 0.2 percent in early trade as most sectors declined. The energy sector was down 1.76 percent as oil stocks retreated: Shares of Santos was down 1.94 percent, Oil Search lower by 1.86 percent and Woodside Petroleum declined 2.38 percent. Crude futures were under pressure following data that showed U.S. job gains came to a grinding halt in February while Chinese imports and exports last month slumped. The European Central Bank also slashed its growth outlook for the euro zone.
"The data is prone to large revisions, and other labour market indicators remain strong," analysts at ANZ Research said in a morning note."Nonetheless, it is plausible that the more mixed US data in recent months could be starting to flow through into labour demand."
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