After a middling day on Wall Street, Asian bourses are geared up for gains at the open.
With the dollar index measuring the currency against a basket of peers rising 0.5 per cent Tuesday, equities in Asia are ready for a forex-induced boost at the open.
Futures tip Australia’s S&P/ASX 200 index to open 0.1 per cent higher, while Tokyo’s Topix index is ready to jump 0.2 per cent and Hong Kong’s Hang Seng index is expected to notch a 0.1 per cent gain at the start.
Japan’s yen is currently off 0.1 per cent against the dollar at ¥112.32 after a 0.6 per cent rise on Tuesday while the Australian dollar is down by the same amount at $0.7624 following a drop of 0.4 per cent the previous day.
Fears of oil oversupply have also returned, sending the price of the international marker Brent crude down 1.9 per cent to $54.69 a barrel.
Corporate earnings reports out today include Fuji Heavy Industries (12.00), Softbank (14.00), and Rio Tinto.
Economic calendar packs a mean right hook (all times Hong Kong):
- 07.50: Japan current account balance
- 08.30: Taiwan consumer inflation
- 12.00: Malaysia imports, exports and trade balance
- 15.00: Bank of Thailand interest rate decision
- 17.00: Reserve bank of India monetary policy decision