Japan +0.07%. Japan (final) Jibun January PMI: Manufacturing 48.9 (prior 48.9).
China +0.66%. China PMI data: Caixin Manufacturing PMI January 49.2 (previous 49.0).
Hong Kong +0.85%. Hong Kong is set to release its fourth quarter GDP data later in the day.
Australia +0.33%. Australian January (final) Manufacturing PMI 50.0 (prior 50.2).
Australia Q4 Headline CPI 1.9% q/q (expected 1.6%).
India +0.43%.
Overnight on Wall Street, major stock indexes rose on the back of strong earnings and encouraging inflation data. The Dow Jones Industrial Average rose 368.95 points, or 1.09%, to 34,086.04. The S&P 500 gained 1.46% to 4,076.60. The Nasdaq Composite added 1.67% to 11,584.55, notching its best January since 2001.
South Korean January exports plunged 16% y/y, South Korea marked worst trade deficit ever in 2022.
New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%).
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes.
Brent crude futures gained 20 cents, or 0.2%, to $85.66 a barrel at 0128 GMT, while U.S. West Texas Intermediate (WTI) crudefutures rose 34 cents, or 0.4%, to $79.21 a barrel, extending gains of about 1% in the previous session.
U.S. futures lower. Dow Jones -0.19%; S&P 500 -0.25%; Nasdaq -0.34%.