Opening Market Wrap 12/12/17: Nanos Gigantum Humeris Insidents.

In Asian Equity Markets Japanese stocks edged up on Tuesday morning in choppy trade supported by gains in financial stocks, mining shares and shippers, with investors on tenterhooks ahead of this week’s U.S. Federal Reserve policy meeting.

The Nikkei share average rose 0.1 percent to 22,949.88 in midmorning trade, after opening flat.

The broader Topix added 0.3 percent to 1,818.16. MSCI’s broadest index of Asia-Pacific stocks outside Japan drifted off 0.3 percent, having bounced 2 percent in the past three sessions.

Moves were minor across the region, with blue-chip Chinese shares down 0.5 percent and Australian stocks up 0.2 percent.

In Currency Markets the dollar held firm near two-week highs versus a basket of major currencies on Tuesday, with traders awaiting the U.S. Federal Reserve’s policy meeting this week for fresh catalysts.

Against the yen, the dollar eased 0.1 percent to 113.48 yen, after having risen to as high as 113.69 yen on Monday, the dollar’s strongest level in about a month.

The euro last changed hands at $1.1771, having pulled back from Monday’s intraday high of $1.1811.

The New Zealand dollar extended its gains on Tuesday and rose to $0.6937 at one point, its highest level since Nov. 28. It was last trading at $0.6927, up 0.3 percent on the day.

The dollar index, which tracks the greenback against a basket of six major peers, inched up 0.1 percent to 93.931.

In Commodities Markets  Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts. Brent crude futures were at $65.29 a barrel, up 0.9 percent, from their last close.

U.S. West Texas Intermediate crude futures were at $58.30 a barrel, up 0.5 percent, from their last settlement.

Spot gold rose 0.2 percent to $1,244.30 an ounce, after hitting its lowest since July 20 at $1240.10 on Monday.

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