Asia rises as market shrugs off Greece; Nikkei up 1.03%
Published Jan 24, 2012 10:14PM ET
During early Asian trading on Wednesday, Australia's S&P/ASX200 was up 1.08%, while Japan’s Nikkei 225 Index was up 1.03%.
Hong Kong markets were closed on holiday.
Talks between Greece and private creditors stalled on Tuesday, escalating fears that the if Greece defaults, it could turn into a messy affair.
However, strong results from Apple Computers generated hope for tech-related sectors in Asia, while the market decided to focus on the U.S., where the Federal Reserve is set to unveil its decision and language on monetary policy.
In Australia, the top gainers included Kagara Zinc, up 5.88%, Boart Longyear Limited, up 5.75%, Kagara and Goodman Fielder, up 4.17%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.25%, while Germany ’s DAX 30 futures signaled a gain of 0.45%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.35%.
Dow Jones Industrial Average futures were up 0.21% while the S&P 500 futures were up 0.26%.
The Federal Reserve Open Market Committee will unveil its decision on interest rates later Wednesday.
Investors are also awaiting U.K. GDP data and mortgage approvals as well as the Bank of England's meeting minutes.
In the U.S., housing market data, crude oil stockpiles will hit the wire, although the Federal Reserve will serve as the market's chief steering current.
In other news, the World Economic Forum will take place in Davos, Switzerland.
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Written By: Investing.com
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