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Asia markets largely up as investors assess key Japan economic data releases –

This is CNBC’s live blog covering Asia-Pacific markets.

Asia-Pacific markets are largely set for a stronger open as investors assess key economic data out from Japan on Friday.

The world’s third largest economy saw its inflation rate rise to 2.9%, higher than the 2.8% seen in October. The country will also expect flash estimates for its November factory activity from the au Jibun bank.

Japan’s Nikkei 225 is set to come back from a public holiday higher, with the futures contract in Chicago at 33,715 and its counterpart in Osaka at 33,710 against the index’s last close of 33,451.83.

In Australia, the S&P/ASX 200 started the day up 0.27%.

In contrast, futures for Hong Kong’s Hang Seng index stood at 17,858, pointing to a weaker open compared with the HSI’s close of 17,910.84.

U.S. markets were closed for Thanksgiving on Thursday, but will come back for a half day of trading on Friday.

Futures tied to the three major indexes were all up marginally, with futures for the Dow Jones Industrial Average 0.09% higher.

Meanwhile, S&P 500 futures climbed 0.08%, and the Nasdaq Composite futures gained 0.1%.

OPEC+ oil group to hold virtual meeting on Nov. 30

Nurphoto | Nurphoto | Getty Images

Opec logo displayed on a smart phone with Opecseen in the background, in this photo illustration. On 10 September 2023. In Brussels, Belgium.(Photo illustration by Jonathan Raa/NurPhoto via Getty Images)

The influential oil group reuniting the Organization of the Petroleum Exporting Countries and its allies will hold a virtual meeting to decide crude production strategy on Nov. 30, the OPEC Secretariat said.

The group, collectively known as OPEC+, was supposed to convene in person in Vienna over Nov. 25-26 but has since postponed its meeting amid inter-member disgruntlement — weighing on intraday prices on Thursday.

The Ice Brent contract with January expiry was trading at $80.30 per barrel at 2:10 p.m. London time, down by $1.66 per barrel from the Wednesday settlement. The Nymex WTI contract with January delivery was at $75.45 per barrel, lower by $1.65 per barrel from the previous day’s close price.

Ruxandra Iordache

Read More: Asia markets largely up as investors assess key Japan economic data releases –

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