Asian shares are set for a positive trading session on Tuesday after a relatively inspiring handover from Wall Street overnight. Australia’s benchmark S&P ASX 200 index was little moved in early trade, while the Australian dollar traded at $0.7922 to the dollar – near Monday’s six-year low.
Weakness in iron ore prices, which fell to their lowest in over five years on Monday, weighed on mining shares; Fortescue Metal slumped 8.2 percent, while BHP BIlliton and Rio Tinto opened down nearly 3 percent each.
Japanese shares are poised for a rebound, after a victory by anti-austerity party Syriza in Greece dampened trading sentiment in the previous session. Stock futures in Osaka and Chicago traded at 17,670 and 17,725, above the Nikkei 225’s previous close of 17,468.
Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015