Asian stocks rose, led by Japan as the yen traded near a two-week low versus the dollar and after U.S. equities capped their longest rally since October. Wheat futures extended declines as gold and rubber retreated.
U.S. stocks rose a fifth day, capping the longest rally for the Standard & Poor’s 500 Index since October, on signs earnings are improving. The ruble slipped after a deadly clash in Ukraine, as gold and wheat fell.
Asian stocks fell, with the regional gauge heading for its first drop in four days, led by health-care stocks and information technology shares. Several markets across the region are shut today for a holiday.
Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering U.S. economy boosts the greenback against emerging-market currencies, Manulife Asset Management says.
The pound advanced for a second week versus the dollar after the U.K. jobless rate unexpectedly fell below 7 percent, the threshold the Bank of England has set to start considering raising interest rates.