Asia Pacific markets are pushing up; Australia’s August job dates ahead

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SINGAPORE – Asia Pacific stocks rose Thursday morning after an overnight rebound on Wall Street.

Japan’s Nikkei 225 rose 0.15% while the Topix index rose 0.16%. South Korea’s Kospi sank lower and floated around the flatline.

In Australia, the S & P / ASX 200 gained 0.24%. Australia’s August job data is released Thursday at 9:30 am HK / SIN.

MSCI’s broadest index for Asia Pacific stocks outside of Japan traded 0.1% higher.

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Overnight in the US, the Dow Jones Industrial Average rose 236.82 points to 34,814.39 while the S&P 500 rose 0.85% to 4,480.70. The Nasdaq Composite was up 0.82% to 15,161.53.

Looking ahead, US jobless claims will be released Thursday, with economists polled by Dow Jones expecting a total of 320,000 Americans to have applied for unemployment insurance in the week ending September 11th.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its competitors, came in at 92.472 as it rebounded hard after falling above 92.8 earlier in the week.

The Japanese yen was trading at 109.40 the dollar, stronger than levels above 110 seen against the greenback earlier this week. The Australian dollar changed hands at $ 0.7338, still away from the levels above $ 0.735 seen earlier this week.

Oil prices were lower during morning trading hours in Asia. The international benchmark Brent crude oil futures fell 0.19% to $ 75.32 a barrel and the US crude oil futures fell 0.14% to $ 72.51 a barrel.