On Wednesday morning (11 December, 9:20 AM, GMT+7, Bangkok time), most major indices in Asia Pacific exhibited an upward trend in contrast with a drop in Wall Street, as investors brace for the release of the U.S. consumer price index report for November that may impact the Federal Reserve’s interest rate stance.
Meanwhile, China is commencing its yearly economic work conference on Wednesday to delineate its economic strategies and growth objectives for the following year.
Japan’s NIKKEI dropped by 0.4% to 39,210.87. Australia’s ASX 200 fell by 0.52% to 8,349.2, while South Korea’s KOSPI surged by 0.87% to 2,438.77.
As for stocks in China, Shanghai’s SSEC climbed by 0.12% to 3,426.91. Hong Kong’s HSI expanded by 0.6% to 20,433.22, and Shenzhen’s SZI rose by 0.08% to 10,821.51.
Meanwhile, the US stock markets edged down on Tuesday as the Dow Jones Industrial Average (DJIA) declined by 0.35% to 44,247.83. NASDAQ lost 0.25% to 19,687.24, and S&P 500 contracted by 0.3% to 6,034.91. VIX dipped by 0.07% to 14.18.
As for commodities, oil prices settled slightly higher on Tuesday, with worries easing over the repercussions of the ousting of Syria’s leader, while prices were underpinned by potential Chinese stimulus measures that could enhance demand from the largest global crude oil purchaser. Brent futures increased 5 cents or 0.07% to $72.19 a barrel, and the West Texas Intermediate (WTI) added 22 cents or 0.32% to $68.59 per barrel.
This morning, Brent futures grew 34 cents or 0.47% to $72.53 a barrel, and the WTI gained 33 cents or 0.48% to $68.92 per barrel.
Meanwhile, gold futures escalated 0.55% to $2,733.3 per Troy ounce.
