www.varchev.com

Asian markets are set for a higher opening

Futures pointed to a higher open for Asia equities, with investors likely to focus on the stronger dollar, higher oil prices and U.S. Federal Reserve interest-rate hike expectations.

Down Under, the benchmark ASX 200 was marginally up 0.36 percent, with its energy sub-index up 2.08 percent, and financials sub-index up 0.37 percent.

Nikkei futures in Chicago were up 1.1 percent, at 17,915, while Osaka futures were up 1.19 percent, at 17,860. The Nikkei 225 finished at 17,668.15 in the previous session.

The dollar index, which tracks the greenback against a basket of currencies, stood at 100.19.

Oil prices lurched nearly 6 percent higher on Tuesday, on news that the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Mohammed Barkindo would be travelling to member nations over the next few days to discuss the output deal ahead of the group’s meeting on November 30. The Saudi Energy Minister Khalid al-Falih is also expected to travel to Doha for meetings with oil-producing countries, including Russia.

U.S. crude finished 5.8 percent higher, settling at $45.81 per barrel on Tuesday, its highest daily percentage increase since April. Brent futures were up 5.7 percent, settling at $46.98 a barrel.

U.S. markets continued their upward momentum on Tuesday, buoyed by energy stocks. The Dow Jones industrial average finished up 0.29 percent, at 18,923.06, while the S&P 500 was up 0.75 percent at 2,180.39. The Nasdaq composite finished up 1.1 percent, at 5,275.62.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance