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Asian markets are set for a higher opening

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Futures pointed to a higher open for Asian shares on Wednesday, following Wall Street's record finish ahead of what is expected to be the Federal Reserve's first rate hike in a year.

Nikkei futures traded higher than the benchmark index's Thursday finish at 19,250.52; Osaka futures traded up 0.46 percent at 19,340, while Chicago futures were up 0.2 percent at 19,290.

Australia's ASX 200 opened up 0.39 percent, buoyed by gains across all sub-indexes except for energy, which was down 0.13 percent, and materials, which fell 0.29 percent.

The three major U.S. indexes closed at all-time highs. The Dow Jones industrial average rose 0.58 percent to 19,911.21, the S&P 500 index added 0.65 percent to end at 2,271.72, while the Nasdaq composite finished up 0.95 percent to 5,463.83.

Oil prices settled nearly unchanged, but prices dipped in after-hours trading after the American Petroleum Institute said that crude inventory rose by 4.7 million barrels, versus the expected 1.6 million barrels.

On Tuesday in the U.S., U.S. crude rose 0.28 percent or 15 cents to $52.98 a barrel, as global benchmark Brent finished up just 0.05 percent or 3 cents to $55.72.


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