FTSE Up Marginally In Cautious Trade; Phoenix Group Rises On Results

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders continued to pick up stocks at reduced levels following recent weakness. They also seemed reluctant to make more significant moves ahead of the US Fed's monetary policy announcement on Wednesday. Asian markets closed mostly higher on Monday.

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Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday following strong gains in global markets.

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Australian Market Sharply Trims Early Gains In Mid-market

The Australian stock market is sharply trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,850 level, with a mixed performance across most sectors. Energy stocks were the only bright spot.

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Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 37,900 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

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Rebound Anticipated For Thai Stock Market

The Thai stock market headed south again on Monday, one session after ending the two-day slide in which it had stumbled almost 30 points or 2.4 percent. The Stock Exchange of Thailand now sits just above the 1,170-point plateau although it figures to bounce higher again on Tuesday.

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