Asian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices ...
Asian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices perked up on Chinese demand and hopes Sino-U.S. trade tensions were easing.
Australian S&P/ASX 200 futures rose 0.52per cent, while Hong Kong's Hang Seng index futures rose 0.56per cent. Oil prices rose on hopes of a rebound in Chinese demand after two state-owned firms tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September despite ongoing Sino-American tensions.
Investors are looking ahead to Wednesday, when the Federal Reserve releases minutes from its latest policy meeting. Speculation is rife that the Fed will adopt an average inflation target, which would seek to push inflation above 2per cent for some time.
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