Brent crude fell for the first time in three days as Chinese data showing a reduced pace of economic growth countered concern that the crisis in Ukraine is escalating. West Texas Intermediate was steady.
Asian stocks rose for the first time in four days amid a rally in telecommunication shares and as investors weighed prospects for stimulus after China’s economic growth slowed to the weakest pace in six quarters.
The yen fell against all but one of its 16 major peers and the Australian dollar erased an earlier loss after data showed China’s economic growth slowed less than forecast, spurring demand for higher-yielding assets.
European stock-index futures rose, after equities fell yesterday to a three-week low, as investors awaited reports that may show American housing and industrial activity increased. U.S. index futures and Asian shares climbed.
European and U.S. equity futures followed stocks higher in Asia, where Japan’s Topix index capped its biggest gain in eight weeks, amid a rebound in technology shares and speculation China may do more to combat slowing growth. New Zealand’s dollar dropped while gold retreated.