Japan +0.98%. Japan’s early November PMI, manufacturing declines to record low, employment on edge.
Hong Kong +0.72%.
Overnight on Wall Street, major US stocks closed higher for a second day on hopes that the central bank will see its progress. to deal with inflation. The Dow industrial average is up 97 points or 0.28% at 34195.10. The S&P index rose 23.88 points or 0.60% to 4027.45. The NASDAQ index rose 110.92 points or 0.99% at 11285.33.
The FED minutes indicated that the central bank sees progress in its fight to reduce inflation and expects to reduce interest rates going forward; they are expected to raise small rates in December and in the first months of 2023.
Markets in the US are closed on Thursday for the Thanksgiving holiday and will close early on Friday.
The Bank of Korea has raised its rate by 25bp to 3.25% (as expected).
Oil prices fell on Thursday, extending the previous session’s losses, as fears of a power outage eased on news that the Group of Seven (G7) was considering a higher price for Russian oil.
A larger-than-expected increase in U.S. oil production will add to the downside.
Brent crude Futures were down 43 cents, or 0.5%, at $84.98 a barrel by 0102 GMT, while US West Texas Intermediate futures were down 35 cents, or 0.5%, at $77.59 a barrel.
Gold prices rose above 1,750 per ounce on Thursday, including gains after minutes of the latest US Federal Reserve meeting indicated interest rates are on the wane.
Gold was up 0.4% at $1,755.73 an hour by 0321 GMT. US gold futures rose 0.6% to $1,755.90.
Spot silver rose 0.5% to $21.62 an ounce, platinum added 0.3% to $999.38, while palladium gained 0.7% to $1,894.75.
In the future US high. Dow Jones +0.11%; The value of the S&P500 + 0.16%; Nasdaq + 0.17%.