Investing.com - Asian stock markets opened on the upswing Tuesday as renewed hopes that Greece and private creditors may agree on terms to restructure the country's debts sparked demand for equities.
Markets in China, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Singapore and Taiwan remained closed on holiday.
During early Asian trading Tuesday, Australia's S&P/ASX200 was up 0.30%, while Japan’s Nikkei 225 Index was up 0.36%.
Talks between Greece and private creditors had stalled in recent days although in Europe on Monday, hopes rekindled that both sides would strike a deal soon.
Higher gold and mineral prices boosted shares in Australia as well.
Top gainers in Australia included St Barbara Limited, up 4.74%, Coalspur Mines, up 4.29% and White Energy, up 3.77%.
In Australia, the top decliners included Mirabela Nickel, down 9.47%, Murchison Metals, down 9.47% as well, and Billabong International, down 4.79%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.37%, while Germany ’s DAX 30 futures signaled a loss of 0.31%. Meanwhile, in the U.K., the FTSE 100 futures indicated a decline of 0.27%.
Dow Jones Industrial Average futures were down 0.24% while the S&P 500 futures were down 0.30%.
Later Tuesday, the U.S. Federal Open Market Committee begins a two-day meeting to discuss monetary policy and may hint at rolling out further tools to kick-start the economy, including quantitative easing.
Investors are awaiting eurozone preliminary manufacturing and service sector data as well as the Bank of Japan's interest rate statement and tentative press conference.
In Australia, consumer price inflation figures are due out later in the session, while in Canada, core retail sales figures will hit the wire while Bank of England Governor Mervyn King is due to speak later during the day.
Markets in China, Hong Kong, Indonesia, Malaysia, Philippines, South Korea, Singapore and Taiwan remained closed on holiday.
During early Asian trading Tuesday, Australia's S&P/ASX200 was up 0.30%, while Japan’s Nikkei 225 Index was up 0.36%.
Talks between Greece and private creditors had stalled in recent days although in Europe on Monday, hopes rekindled that both sides would strike a deal soon.
Higher gold and mineral prices boosted shares in Australia as well.
Top gainers in Australia included St Barbara Limited, up 4.74%, Coalspur Mines, up 4.29% and White Energy, up 3.77%.
In Australia, the top decliners included Mirabela Nickel, down 9.47%, Murchison Metals, down 9.47% as well, and Billabong International, down 4.79%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.37%, while Germany ’s DAX 30 futures signaled a loss of 0.31%. Meanwhile, in the U.K., the FTSE 100 futures indicated a decline of 0.27%.
Dow Jones Industrial Average futures were down 0.24% while the S&P 500 futures were down 0.30%.
Later Tuesday, the U.S. Federal Open Market Committee begins a two-day meeting to discuss monetary policy and may hint at rolling out further tools to kick-start the economy, including quantitative easing.
Investors are awaiting eurozone preliminary manufacturing and service sector data as well as the Bank of Japan's interest rate statement and tentative press conference.
In Australia, consumer price inflation figures are due out later in the session, while in Canada, core retail sales figures will hit the wire while Bank of England Governor Mervyn King is due to speak later during the day.