Futures in Asia pointed to a mixed Thursday open, following Wall Street’s higher close after the Federal Reserve raised rates but kept a dovish stance.
Japanese market futures were lower than the Nikkei 225‘s last close at 19,577.38: Futures in Chicago were down 0.52 percent at 19,475 and Osaka futures fell 1.05 percent to 19,370.
Over in Australia, the ASX 200 was up 0.1 percent in early trade.
The Australian government is set to spend up to A$2 billion ($1.54 billion) to expand the output of the Snowy Mountains Hydroelectric scheme by up to 50 percent to help solve a power crisis.
On central bank watch, the Bank of Japan and Bank Indonesia will announce monetary policy decisions today.
The Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 0.75 percent to 1 percent in a widely-telegraphed move. The rate hike comes amid growing confidence that the economy is poised for more growth.
The central bank also indicated that it still expects three moves, as each Fed members’ expectations for where rates will be in coming years changed little from the last meeting.
“Even though the dot plot is not relevant because so much can change, the Fed reminded us all of the gradual nature of their expected behavior on this rate hike cycle,” said Peter Boockvar, chief market analyst at The Lindsey Group, in a Wednesday note.
U.S. stocks closed higher on Wednesday, as oil prices bounced back and the Fed took a less hawkish stance than expected.
On the energy front, oil prices climbed for the first time in a week on a surprise drawdown in U.S. crude inventories. The International Energy Agency (IEA) also suggested that the Organization of Petroleum Exporting countries output cuts could create a crude deficit in the first half of 2017, Reuters reported.
The weaker dollar after the Fed raised rates as expected also helped to make the greenback-denominated crude less expensive for holders of other currencies.
The dollar index, which tracks the greenback against a basket of major currencies, slipped below the 101 handle to trade at 100.74 early Asian time.