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Positive sentiment before the opening of the Asian markets
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Loading...Stocks in Asia look set to open higher on Thursday despite a slightly lower close on Wall Street in the last session and ahead of the Caixin PMI data from China due later in the morning.
Japanese stocks looked poised to open higher, with Nikkei futures edging higher by 0.18 percent in Chicago to trade at 19,685 and Osaka futures higher by 0.15 percent at 19,680. Both were higher than the Nikkei 225's close of 19,650.57 on Wednesday.
The dollar traded against a basket of six major currencies at 96.983, softer than levels around the 97 handle seen last week. The dollar was mostly steady against the yen, with the greenback fetching 110.82 yen at 6:01 a.m. HK/SIN. This was lower than the 111 handle seen last week.
Meanwhile, the British pound recovered slightly after falling to a near one-month low earlier in the week. The pound traded at $1.2871 at 6:40 a.m. HK/SIN.
Oil prices fell 3 percent following an increase in production numbers out of Libya. U.S. crude tumbled 2.7 percent to settle at $48.32 a barrel while Brent crude settled 3 percent lower at $50.31.
Source: Bloomberg
Jr Trader Petar Milanov
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