Asian markets are expected to open slightly higher followed by the positive sentiment form the US session and the rise in oil prices.
The Japanese Nikkei225 is expected to open at it's closing levels from yesterday. The Australian ASX200 will open 5 points higher at 5440 according to IG.
Holding of oil prices around $50 per barrel supported the stock market at the end of the US session and the positivism may continue during the Asian session.
At 04:30 important data is due from China, CPI and PPI, which suggest caution before the data. The news will give clues to investors about the state of the world's second largest economy. Standings below expectations of 1.6% for CPI may have a negative effect on indices.
In the currency market AUD will be under pressure due to the commodity prices and also because Australians economy is heavily dependent on China's economy. Economic news at 04:30 will have an influence on AUD as standings below expectations will be negative and data above 1.6% may cause a rise in the Australian dollar. Additional impact will have the Financial stability of the RBA at 03:30.
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