Asian markets traded mostly lower on Wednesday but the energy sector got a boost after oil settled above $50 a barrel on Tuesday for the first time in nearly 11 months.
The Nikkei 225 traded down 0.32 percent, with Japanese stocks under pressure from fresh yen strength against the dollar. The currency pair traded at 106.80 as of 10:21 a.m. HK/SIN, compared with levels near 107.9 in the previous session. Across the Korean Strait, the Kospi advanced 0.17 percent.
the Shanghai composite down 0.55 percent, and the Shenzhen composite off by 0.73 percent. In Hong Kong, the Hang Seng index was down 0.44 percent. In Australia, the ASX 200 fell 0.26 percent
During Asian hours, U.S. crude futures were nearly flat at $50.38, after settling up 1.4 percent on Tuesday. Global benchmark Brent was also flat at $51.41, following a 1.8 percent increase overnight.
Major U.S. indexes closed mixed, with the Dow Jones industrial average up 17.95 points, 0.1 percent, at 17,938.28. The S&P 500 added 2.72 points, 0.13 percent, to 2,112.13 and the Nasdaq composite was lower by 6.96 points, or 0.14 percent, at 4,961.75.
10:15 Switzerland - CPI
11:30 UK - Industrial Production
11:30 UK - Manifacturing Production
14:00 USA - Mortgage Market Index
15:15 Canada - Housing starts
15:30 Canada - Building Permits
17:00 UK - NIESR GBP Estimate
17:00 USD - JOLTs Job Openings
17:30 USA - Crude Oil Inventories
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.