Current Futures: Dow -1.00, S&P +0.10, NASDAQ +1.75
The Japanese Nikkei has increased at the start of trading in Asia. The index has increased by 10.98 points while the Australian S&P/ASX has added 32.60 points. The rise is being attributed to a higher than forecasted sales reports from U.S. retailers. Canon Inc which manufacturer’s electronics and digital cameras has jumped 1.2 percent.
The MSCI Asia Pacific Index has advanced 0.2 percent.
Companies in Japan cut spending as the global slowdown restricts profits. This is the ninth straight quarter that businesses have decreased spending. The official reading of capital spending saw a decline of 22.2 percent in the three months that ended in June.
Overnight, the Japanese Nikkei added 10.98 points (0.11%) to 10,225.62. The Australian S&P/Asx advanced 32.60 points (0.74%) to 4,462.20
Crude oil for October delivery was recently trading at $68.18 per barrel, higher by $0.22.
Gold for October delivery was recently trading lower by $4.60 to $993.10.
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