Asia set to open slightly up

27.07.2016 / 02:52

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Futures pointed to a modestly higher open for Asian markets on Wednesday, amid major earnings reports due in Japan and South Korea and ahead of key central bank decisions.

Australia's SPI futures traded at 5,503, only a touch lower than the ASX 200's last close at 5,537.47. Nikkei futures in Chicago traded at 16,495. while Osaka futures were at 16,430. The Japanese benchmark index closed the Tuesday session at 16,383.04.

On the data front, Australia's second-quarter consumer price index is due, which should provide further clues into the Reserve Bank of Australia's future moves.

The Dow Jones industrial average closed 19.31 points lower, or 0.1 percent, at 18,473.75. The S&P 500 index finished near flat at 2,169.18, while the Nasdaq composite closed 12.42 points up, or 0.24 percent, at 5,110.05.

Traders will also look for the Federal Open Market Committee's monetary policy decision due in the afternoon local time Wednesday.

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Asia set to open slightly up

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