Asia markets set for higher open as investors watch Apple suppliers in Asia
Markets in Asia are set to continue in positive territory Friday following the easing of U.S.-Iran tensions, and after U.S. stocks shot to new highs overnight.
Meanwhile, Australia’s retail sales data for November is set to be released on Friday.
In Japan, futures pointed to a higher open for the Nikkei 225 compared to the index’s last close.
On the earnings front, Japan’s Familymart, the country’s second-largest convenience store chain, is set to report third quarter results on Friday. A day before, retail giant Fast Retailing cut its full-year outlook after worse-than-expected quarterly results, which it pinned on protests in Hong Kong and a boycott by South Korean consumers which hit sales at its Uniqlo retail stores.
Apple suppliers in Asia will also be closely monitored after the tech giant’s shares jumped 2.1% to a record high. That was on the back of news that iPhone sales in China rose more than 18% in December, according to Chinese government data.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, rose 0.12% to 97.417.
The safe-haven Japanese yen traded at 109.48 versus the greenback, pulling back after strengthening earlier in the week.
The Australian dollar was at around $0.6854, continuing its slide through the week.
Oil prices on Thursday slipped to levels near prices before U.S.-Iran tensions shot up. During the morning of Asia hours on Friday, U.S. crude futures was little changed, trading just above the flatline at $59.60 per barrel. Brent crude was down 0.18% to $65.32 per barrel.
What’s on tap for Friday (all times in HK/SIN):
- 8:30 a.m.: Australia’s retail sales for November
- Earnings: Japan’s Familymart