Monday, 24 October 2016

Futures Flash Green In Asia

Futures pointed to a higher open for Asian markets on Tuesday, despite a stronger dollar and falling oil prices tapering gains in the U.S. 

Nikkei futures in Chicago traded up 17,375, while Osaka futures were at 17,340; the Japanese benchmark index closed the Monday session at 17,234.42. 

In Australia, the ASX 200 index climbed 0.39 percent in early trade, with most sectors rising. The heavily-weighted financial sector was up 0.47 percent, with the country's so-called Big Four banks gaining.

Oil prices fell in the U.S. session amid renewed oversupply concerns. U.S. crude futures closed down 0.7 percent to $50.52 a barrel, after briefly slipping below the $50-handle.

Global Benchmark Brent finished down 0.6 percent at $51.46.