Australian stocks rallied on Wednesday with the S&P/ASX200 closing 113 points, or 1.6%, higher at 7059.2, driven by strong gains in the mining, financial and technology sector.
Asian markets rose broadly on Wednesday with Hong Kong shares leading gains in the region. The Hang Seng index jumped 3.22% to 20,793.11 after China’s property developers reported forecast-beating December sales. Mainland China’s Shanghai Composite inched up 0.22% to 3,123.52 while the Shenzhen Component dropped 0.2% to 11,095.37. Seoul stocks rallied on bargain hunting with the Kospi average advancing 1.68% to 2,255.98.
Major European stock markets opened in the positive territory on Wednesday. Germany’s DAX added 0.62% at the opening bell, France’s CAC 40 went up 0.69% and the UK’s FTSE 100 gained 0.24%.
Stock futures inched higher on Wednesday. The Dow Jones Industrial Average went up by 0.20% at 4:20 am ET. At the same time, the Nasdaq 100 increased by 0.64%. The S&P 500 rose by 0.35%.
Investors will gain more insight into what US Federal Reserve members are thinking on Wednesday afternoon as minutes from the central bank’s latest policy meeting are released. Earlier in the day, the Job Openings and Labor Turnover Survey, or JOLTS, and ISM manufacturing data are due out.
Oil prices held their ground on Wednesday. Brent futures for March delivery rose 6 cents to $82.16 a barrel, a 0.1% gain, by 1:23 GMT. U.S. crude fell 2 cents, or 0.03%, to $76.91 per barrel, according to Reuters.
Gold prices edged higher on Wednesday, supported by a pullback in the dollar. Spot gold was up 0.3% at $1,844.85 per ounce, as of 0244 GMT. U.S. gold futures were up 0.2% at $1,850.10. according to Reuters.
The euro was higher by 0.42% against the dollar, selling for $1.05956 at 8:59 am CET, while the pound sterling rose by 0.48% against the greenback to go for $1.20298.
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