Asian stocks rose a second week with the regional benchmark index posting its longest daily winning streak this year as positive U.S. data pointed to a recovery from harsh winter weather and China promised support to counteract a slowdown threatening the nation’s growth goal.
U.S. stocks fell, after benchmark indexes climbed to records, while Treasuries rose before the government releases its monthly jobs report. The euro weakened as the region’s central bank said it’s prepared to take action to head off deflation.
Gold futures fell for the sixth time in seven sessions as signs of quickening U.S. economic growth bolster forecasts for the Federal Reserve to boost interest rates, crimping demand for the metal as a store of value.
The dollar climbed to a five-week high against the euro before a government report that economists said will show the U.S. added the most jobs in four months, backing the case for reducing monetary stimulus.