bit Asian action Brent 52.15
/CLZ5 shows 49.45 after h test 49.85
9:37 pm ET DJ News
Investors in Japan were assessing the prospects for more stimulus from the central bank at the conclusion of its two-day policy meeting later Wednesday as disappointing economic data continues to build. There is no set time for the release of its statement.
"There has been increased talk of even looser policy in the wake of poor industrial production data and renewed pressure on inflation from weak oil prices," said Sean Callow, an analyst with Westpac.
While Chinese domestic markets reopen Thursday following an extended holiday, investors are expecting September reserves data from authorities later Wednesday.
Reserves fell by a record $93.9 billion in August, as China's central bank used its massive war chest to stabilize the yuan after its Aug. 11 devaluation. The onshore Chinese yuan recently traded at 6.3559 yuan to the dollar, down 2.5% on year.
Oil prices rose to a one-month high on hopes for falling supply in both the U.S. and global markets. Brent crude oil was last up 0.4% at $52.15 in early Asia trade, after jumping more than 5% during U.S. trade overnight.
Gold prices were flat at $1,146.60 an ounce in Asia trade, near their highest levels in more than a week as the dollar retreated.
The greatest deception men suffer is from their own opinions.
~ Leonardo da Vinci
