GLOBAL MARKETS-Asian markets seen firmer after Wall Street turns positive

By Jessica DiNapoli
NEW YORK, Sept 9 (Reuters) - Asian markets are expected to
swing higher on Thursday, after U.S. stocks reversed course from
a three-day losing streak that led the technology-heavy Nasdaq
into correction territory.
The U-turn in U.S. stocks, however, was already reflected in
some markets, so the impact in Asia may be muted, said Rodrigo
Catril, a senior FX strategist at National Australia Bank.
"We still expect markets to open with a positive turn, but
we don't expect a meaningful acceleration of it," Catril said.
"It should be a positive open but not a bombastic open."
Australian S&P/ASX 200 futures YAPcm1 rose 1.28% in early
trading and Japan's Nikkei 225 futures NKc1 added 0.13%. Hong
Kong's Hang Seng index futures .HSI HSIc1 rose 0.85%.
MSCI's gauge of stocks across the globe .MIWD00000PUS
gained 1.44%.
Wall Street ended higher on Wednesday after investors
ploughed into technology stocks, taking advantage of the recent
dip. Stay-at-home companies such as Facebook Inc FB.O and
Google-parent Alphabet Inc GOOGL.O climbed, while electric-car
maker Tesla Inc TSLA.O rebounded nearly 11% after suffering
its biggest one-day percentage drop. The Dow Jones Industrial Average .DJI rose 439.58 points,
or 1.6%, to 27,940.47, the S&P 500 .SPX gained 67.12 points,
or 2.01%, to 3,398.96 and the Nasdaq Composite .IXIC added
293.87 points, or 2.71%, to 11,141.56.
Oil prices recovered some of the losses they saw in the
prior trading session when they hovered near three-month lows.

U.S. crude CLc1 rose 3.5% and Brent LCOc1 added 2.5%,
although COVID-19 outbreaks still threaten to slow a global
economic recovery. U.S. crude eased 0.5% in early Asian trade on
Thursday to $37.88 a barrel.
Stephen Innes, chief global markets strategist at Australian
financial services firm AxiCorp, said in a note that "in the
background ... continues to be COVID-19 concerns and the
delicate balancing act needed to return economies to a new
normal and manage the likely rise in cases in the northern
hemisphere when social activities move indoors, and (COVID-19)
could spread more aggressively."
The U.S. dollar slid from a four-week high on Wednesday,
led by losses against the euro after a report about European
Central Bank officials becoming more confident in their outlook
for the region's recovery.
The dollar index =USD fell 0.325%, with the euro EUR= up
0.03% to $1.1806.
The safe-haven greenback was also hit by investors' growing
appetite for risk as U.S. stocks rebounded. U.S. Treasury yields rose on Wednesday after the government
sold $35 billion in 10-year notes to slightly soft demand.
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