The futures of the Asian markets indicate for a higher open today, after the US session closed higher on Friday last week. The Futures of the US indices are higher as well today. The positive tone continue after Trump won the US Presidency and after his last comments, it seems he will be Pro-business and will appropriate additional government funds for infrastructure of the country. The stock shares moved up.
The price of Oil continue to be under pressure trading at $43.48 after the last data showing that the production is up with 240,000 barrels per day. The correlation between stocks and price of Oil is positive but during the last week, prices of stocks and Oil have moved in a opposite direction. If the positive correlation remains then we might see lower price of the indices or maybe for the moment the price of Oil will not be a significant factor for stock prices.
Nikkei will open higher around 17,475, ASX 200 will open around 5,344
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