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Global Wrap:
Asian Stocks Gaining As U.S. Futures Dip
Current Futures: Dow -8.00, S&P -1.60, NASDAQ -3.50
Asian markets were increasing during the early part of the Asian session as U.S. futures decline. The Nikkei has increased 76.70 points shortly after the market opened while the Australian S&P/ASX jumped 32.00 points or 0.71 percent. Mazda Motor Corp has increased 1.3 percent while Nissan Motors has seen a 0.34 percent rise in price.
The Royal Institute of Chartered Surveyors released their monthly report on house prices in the United Kingdom. The report showed that house prices were increasing during the month of August for the first time in two years. This shows that the housing market in the United Kingdom could seeing a recovery.
Overnight, the Japanese Nikkei added 76.70 points (0.75%) to 10,278.76. The Australian S&P/Asx advanced 32.00 points (0.71%) to 4,563.10
Crude oil for October delivery was recently trading at $69.04 per barrel, higher by $0.18.
Gold for October delivery was recently trading higher by $1.80 to $1,002.90