Asian Equities Higher with Eyes on Australian CPI

Asian stock markets opened higher for a second session on Wednesday thanks to a positive lead from Wall Street overnight.

U.S. stocks rose on Tuesday lifting the S&P 500 to a record, following some steady economic data and corporate earnings. Existing home sales hit an eight-month high in June while the consumer price index rose 0.3 percent in the month after a 0.4 percent rise in May.

Investors are keeping an eye on the ongoing military conflict in the Gaza strip after the U.S. temporarily halted flights to Tel Aviv, following a rocket attack near the airport. There were no new developments on ceasefire talks being held in Egypt with Israel’s justice minister saying that she saw no progress at all.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.