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Asian shares and U.S. futures advance as oil prices fall back
Summary
Asian stock indexes and U.S. futures rose after broad gains on Wall Street, while oil prices eased early Tuesday following a Monday jump linked to the capture of Venezuela's president.
Content
Asian shares and U.S. futures rose Tuesday after broad gains on Wall Street. Tokyo's Nikkei and other regional indexes climbed, while Australia's S&P/ASX 200 slipped slightly. Oil prices eased early Tuesday after rising on Monday following the capture of Venezuela's president, Nicolas Maduro. Energy stocks and technology updates at the CES trade show were also cited as market influences.
Market details:
- Japan's Nikkei 225 gained 1.1% to 52,389.63.
- South Korea's Kospi rose 0.8% to 4,495.49, moving further into record territory.
- Hong Kong's Hang Seng increased 1.8% to 26,815.75; the Shanghai Composite was up 1.1% at 4,069.38; Taiwan's Taiex climbed 1.2% and India's Sensex edged 0.1% lower.
- U.S. indexes on Monday: the S&P 500 rose 0.6% to 6,902.05, the Dow set a record at 48,977.18 after a 1.2% gain, and the Nasdaq rose 0.7% to 23,395.82.
- Oil prices eased early Tuesday with U.S. crude at about $58.14 per barrel and Brent at about $61.62, after earlier moves to $58.32 and $61.76 respectively.
- The article mentions Chevron, Exxon Mobil and Halliburton posted notable gains after comments about rebuilding Venezuela's oil industry.
Summary:
Asian markets and U.S. futures advanced following a broadly positive session on Wall Street, while oil retreated after an earlier rise tied to the capture of Venezuela's president. Energy shares had shown strength on Monday and technology firms drew attention at the CES trade show. Market participants will receive U.S. economic reports this week, including the ISM services report and job-market updates that may influence policy discussions.
Sources
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