Asia markets were mostly higher on Wednesday, after U.S. equities rose higher on the back of a strong consumer confidence survey with markets awaiting the formal move by the U.K. to start an historic split with the European Union.
The Australian benchmark ASX 200 was up 0.79 percent amid reports of the damage along northeast Australia's coast in the wake of Cyclone Debbie.
Japan's Nikkei 225 was slipped 0.15 percent.In South Korea, the Kospi index was nearly flat, up 0.07 percent.
The Shanghai composite was up 0.11 percent in early trade and Shenzhen composite added 0.11 percent. Hong Kong's Hang Seng index advanced 0.3 percent.
The Dow Jones industrial average snapped its eighth day losing streak to jump 0.73 percent to 20,701.5, the S&P 500 rose 0.73 percent to close at 2,358.57 and the Nasdaq composite added 0.6 percent to finish at 5,875.14.
Brent crude continued to rise during Asian hours, up 0.19 percent to $51.43 a barrel, and U.S. crude rose 0.37 percent to $48.55.
Economic calendar for European and American trade sessions
9:00 Germany - Import price index
9:45 France - Consumer confidence
11:00 Switzerland - ZEW Expectations
11:30 UK - Mortgage approvals
14:00 USA - Mortgage market index
17:00 USA - Pending home sales
17:30 USA - Crude oil inventories
USD -Dollar managed to return part of it's losses after Trump directed his focus toward tax reform. The sentiment for the USD are changing to positive for middle-term period. We are still expecting 2 rate hikes this year. We remain positive for the dollar.
GBP - The day for activation of Article 50 came. Today Theresa May will give Donald Tusk ( The president of European commission) the letter with the article. We are expecting high volatility of the pound pairs. Expectations are for weak pound.
JPY - Yen remain among the most preferable instrument of the investors in environment of global uncertainty. The situation in Europe and UK , as well as speculation for a second Scottish referendum for independence will direct the investors toward hedging instrument like JPY.
GOLD - The gold did not managed to keep over the key resistance 1250. The increasing inflation in USA is negative for the metal. Furthermore we are expecting rate hike , and this is negative for the gold as well.
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