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Asian Index Futures Climb on Fed Outlook as WTI Extends Decline

Written By Kontak Perkasa Futures on Wednesday, October 23, 2013 | 9:08 AM


Kontak Perkasa - Bloomberg (23/10) -- Asian index futures rose amid speculation the Federal Reserve will delay stimulus cuts until next year after U.S. payrolls rose less than economists estimated in September. The dollar held declines against Australia’s currency while crude oil fell a third day.

Nikkei 225 Stock Average futures climbed 0.4 percent to 14,770 by 3 a.m. in Osaka and traded at 14,770 in Chicago from 14,710 in Japan yesterday. Contracts on Australia’s S&P/ASX 200 Index jumped 0.6 percent, signaling stocks may extend gains from a five-year high. Standard & Poor’s 500 Index futures dropped 0.1 percent after the gauge rose in New York. Australia’s dollar was at a 4 1/2-month high. West Texas Intermediate oil lost 0.2 percent after sliding almost 3 percent the past two days.

Barclays Plc pushed out their estimate for the start of Fed tapering to March from December after data, delayed because of the U.S. government shutdown, showed employers added 148,000 workers in September, below the 180,000 increase projected in a Bloomberg survey. The 16-day shutdown cut U.S. growth and cost jobs, according to an economic aide to President Barack Obama. Australian may say today that inflation quickened last quarter from the prior three months while Taiwan posts factory output.
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:08 AM
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