Asia-Pacific markets were set to open higher Friday, tracking gains on Wall Street following a batch of economic data that pointed toward a solid U.S. economy.
Futures for Japan's benchmark Nikkei 225 in Chicago were at 38,220 while their counterpart in Osaka last traded at 38,170 compared with the index's Thursday close of 38,173.09
Futures for Hong Kong's Hang Seng index last traded at 24,178, compared with the HSI's last close of 24,035.38.
Australia's S&P/ASX 200 was also set to start the day higher, with futures tied to the benchmark at 8,605, compared to the index's close of 8,565.1 in the previous session.
U.S. stock futures ticked lower but major stock benchmarks were on course to end the week on a positive note.
U.S. producer prices in May rose just 0.1% from the previous month, coming in cooler than the 0.2% jump expected by economists surveyed by Dow Jones. The softer reading helped boost major stock indexes, while bond yields declined, improving investor sentiment. This followed a cooler-than-expected consumer inflation report earlier in the week.
Overnight stateside, all three key benchmarks closed higher. The S&P 500 rose, helped by a rally in Oracle that lifted the big tech sector. The benchmark climbed 0.38% to close at 6,045.26.
The broad market S&P 500 now sits less than 2% off its record high. The Nasdaq Composite gained 0.24% and ended the day at 19,662.48. The Dow Jones Industrial Average added 101.85 points, or 0.24%, settling at 42,967.62.
Source: CNBC
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over details of a second temporary spending b...
Wall Street's three major indexes managed to close Tuesday's choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key ...
European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdo...
US stocks were little changed on Tuesday, with the three major indexes hovering around the flatline as investors adopted a cautious stance ahead of a potential government shutdown that could disrupt t...
Oil prices stabilized on Wednesday (October 1) after two days of declines as investors considered OPEC+ plans for a larger production increase next month, while data from the US and Asia showed signs of declining demand. Brent crude for December...
Gold surged above $3,890 an ounce on Wednesday (October 1), hitting a new record high as the US government shutdown boosted demand for safe-haven assets. Washington has suspended most operations after a partisan standoff prevented a funding deal...
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S. jobs data. The pan-European STOXX 600 held...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on...
Asia-Pacific markets traded mixed Tuesday with focus on the Reserve Bank of Australia's interest rate decision later in the day.
The RBA is...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...