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Asia Pacific stocks trade higher; Reserve Bank of Australia’s interest rate decision awaited

Overnight on Wall Street, the Dow Jones Industrial Average closed 236.08 points higher, or 0.9%, at 26,664.40. The Nasdaq Composite jumped 1.5% to an all-time high, ending its trading day at 10,902.80. The S&P 500 rose 0.7% to 3,294.61, its highest closing level since Feb. 21.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.557 after earlier seeing levels around 94.

The Japanese yen traded at 106.03 per dollar after weakening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7112 after falling below $0.71 yesterday.

Oil prices were lower in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.93% to $43.74 per barrel. The U.S. crude futures also dipped 0.9% to $40.64 per barrel.

Here’s a look at what’s on tap:

  • Australia: Retail sales data for June at 9:30 a.m. HK/SIN, Reserve Bank of Australia’s interest rate decision at 12:30 p.m. HK/SIN

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