SINGAPORE – Shares in Asia-Pacific looked positive on Wednesday as investors look forward to the Reserve Bank of India’s latest interest rate decision later today.
In Japan’s markets, the Nikkei futures contract in Chicago was at 28,150, while its counterpart in Osaka was at 28,160 – higher than the previous year. Nikkei 225’s Last closed at 27,943.95. Japan’s first quarter GDP figures are due in the morning.
Australian shares were also set to open higher, with the SPI futures contract at 7,146, up against the S&P/ASX 200’s last close at 7,095.70.
The Reserve Bank of India is set to announce its latest interest rate decision later on Wednesday. It follows the Reserve Bank of Australia Surprising increase in rate of 50 basis points on Tuesday,
Over the states overnight, the S&P 500 climbed 0.95% to 4,160.68. The Dow Jones Industrial Average rose 264.36 points, or 0.8%, to 33,180.14. The Nasdaq Composite rose 0.94% to 12,175.23.
currencies
US Dollar IndexThe greenback, which tracks against a basket of his peers, was at 102.318 after a recent decline from levels above 102.5.
Japanese yen Traded at 132.73 per dollar, weakening from the level of 132 seen against the dollar yesterday. Australian Dollar After yesterday’s rally from below $0.72 level was at $0.723.