Opening Market Wrap 12/14/17: ‘tarde venientibus ossa’.

In Asian Equity Markets Japan’s Nikkei index erased earlier modest gains on Thursday to edge down, while telecommunications shares withered on news that online retailer Rakuten is weighing entry into the mobile carrier market.

The Nikkei was down 0.1 percent at the end of morning trading at 22,726.76.

The broader Topix was also 0.1 percent lower.

The Fed’s less hawkish statements supported MSCI’s broadest index of Asia-Pacific stocks outside Japan, which rose 0.45 percent.

Australian stocks added 0.1 percent

South Korea’s KOSPI climbed 0.8 percent.

In Currency Markets the dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates as expected, but left its rate outlook for the coming years unchanged.

Against the yen, the dollar inched up 0.1 percent to 112.62 yen after sliding 0.9 percent on Wednesday and having retreated from Tuesday’s four-week high of 113.75 yen.

The euro edged up 0.1 percent to $1.1836, having climbed 0.7 percent on Wednesday.

Data showing a rise in Australian jobs growth in November gave a lift to the Aussie, which touched a one-month high of $0.7675, and was last up 0.4 percent on the day at $0.7665.

The dollar index eased 0.1 percent to 93.372 after falling 0.7 percent on Wednesday.

In Commodities Markets  oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week.

U.S. West Texas Intermediate crude futures were at $56.69 a barrel, up 0.2 percent, from their last settlement.

Brent crude futures were at $62.79 a barrel, up 0.6 percent from their last close.

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