dollar moves, earnings in addition to oil in focus

Asia markets are set to open mixed on Thursday, likely taking cues via modest gains on Wall Street, where the Dow closed higher for the very first time in six sessions.

Nikkei futures in Chicago traded at 22,375 in addition to Osaka futures were at 22,290. The Japanese benchmark index last closed at 22,215.32.

Australia’s SPI futures traded at 5,909, which was a touch lower than the ASX 0’s previous finish at 5,921.6. The market was closed on Wednesday for a public holiday.

Overnight, U.S. government debt yields continued their upward climb with the rate on the 10-year Treasury note edging above the 3 percent This specific hit Tuesday for the very first time since 2014.

“This specific has supported a further rise within the U.S. dollar with the narrow [dollar index] right now above 91 in addition to so above the range in which This specific has been confined since mid-January,” Ray Attrill, head of foreign-exchange strategy at the National Australia Bank, wrote in a morning note.

The dollar index measures the greenback against a basket of major currencies. This specific last traded at 91.172, climbing via levels below 0.0 earlier within the week.

Elsewhere, the Japanese yen traded at 109.42 against the dollar, weakening via levels below 108.0 reached within the previous week. The Australian dollar traded at $0.7565 while the euro fetched $1.2168.

Oil rose overnight despite data showing a rise in U.S. inventories as traders turned their attention toward geopolitical developments.

“Oil prices rose as traders focused on French President [Emmanuel] Macron’s attempts to broker a fresh nuclear agreement between the U.S. in addition to Iran,” David Plank via ANZ Research wrote in a morning note.

U.S. crude gained 35 cents to $68.05 a barrel while global benchmark Brent added 14 cents to $74.

In different news, major companies in Japan, China in addition to South Korea are set to announce their quarterly earnings. of which includes Nintendo in addition to China Construction Bank.

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