Asian Equities Expected Higher on U.S. Lead

Asian stocks are poised for a firmer start on the last trading day of the week following a stronger finish on Wall Street overnight, but investors will be keeping an eye on inflation data from China.

The 20,000 mark may be within reach for Japan’s Nikkei 225 index after stock futures in Chicago and Osaka traded at 20,085 and 19,980, both higher than the bourse’s previous close of 19,937 – a 15-year peak for the second straight session.

Australian shares are likely to recoup Thursday’s resources-led losses. Futures notched up 0.3 percent to 5,951, a 19-point premium to the underlying S&P ASX 200 index.

CNBC

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.