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China data, oil tanker attack, currencies in focus



Asia-Pacific Market Indexes Chart

On Wall Street, the Dow Jones Industrial Average rose 101.94 points to close 26.106.77. The S & P 500 achieved 0.4% to end its trading day with 2,891.64, led by the energy sector, while the Nasdaq Composite increased 0.6% to close 7 877.13.

At the same time, oil prices ate on Thursday after two oil tankers from Iran's coast were attacked.

It was not immediately clear who was responsible for the attacks, but they were against the background of increased tension in the Middle East and between the United States and Iran. The Iranian leadership has repeatedly threatened to block traffic in the Strait of Hormuz in retaliation for US sanctions on the Islamic Republic.

Strategies by RBC Capital Markets wrote in a letter that the attacks "underscore the severity of the security risk stemming from Iran's crisis and the difficulty of achieving a diplomatic off ramp as long as the criminal US sanctions remain in place."

US West Texas Intermediate crude settled $ 1

.14 higher at $ 52.22, achieving 2.2% on Thursday. Brent crude, the international benchmark for oil prices, rose $ 1.34 or 2.2% to $ 61.31 a barrel. Bounce in prices came after a steep decline seen on Wednesday when raw futures fell 4% on the ongoing demand fear and another huge jump in US crude stocks.

On the morning of Asian opening hours on Friday, the international benchmark Brent Crude Futures contract rose 0.38% to $ 61.54 per barrel, while US crude futures spread 0.1% to $ 52.23 a barrel .

An investor said that the main focus should be on the general decline in growth.

"I find it quite clear that we are in the last stage of the current growth cycle, and so much, as a supply shock aside, I do not see the oil price slowing significantly higher," said John Woods, Asia Pacific Chief Investment Officer at Credit Suisse, told CNBC's "Squawk Box" on Friday.

"The demand for oil in a declining growth environment is probably still in play and therefore I don't think we have to worry too much about a higher oil price," Woods said. 19659003] The US dollar index, which tracks the dollar against a basket of its peers, was 97,024 after increasing from levels around 96.9 yesterday.

The Japanese yen, often seen as a safe-haven currency, traded at 108.30 after earlier touching 108.40 The Australian dollar shifted hands to $ 0.6904, and sees the decline much of the week from previous levels above $ 0.700.

– CNBC's Natasha Turak and Tom DiChristopher contributed to this report.


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