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Tuesday, January 3, 2012

Asian Markets Update January 3, 2012

Asian stock markets were mostly higher on Wednesday as sharp gains in U.S. stocks on Tuesday and a positive bout of economic data at the start of the new year boosted investor sentiment, while higher commodities prices lifted energy and resources plays across the region.

Japan's Nikkei Stock Average climbed 1.4%, Australia's S&P/ASX 200 advanced 2.3%, South Korea's Kospi Composite was flat and New Zealand's NZX-50 added 0.3%.

Dow Jones Industrial Average futures were down five points in screen trade.
 
The single currency was at $1.3048, from $1.3050 late on Tuesday in New York, and at ¥99.99, from ¥100.17. The dollar was at ¥76.63, from ¥76.76.

Spot gold was at $1,599.90 a troy ounce, down $3.70 from its New York settlement on Tuesday. February Nymex crude oil futures were down 10 cents at $102.86 a barrel on Globex.

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