Asian stocks rose, led by mining companies, after faster-than-forecast U.S. employment growth bolstered optimism in the world’s largest economy, pushing a regional equities gauge toward a ten-week high.
Australian stock futures fell and Japanese futures were little changed, with benchmark gauges in both countries heading for weekly declines, after an index of leading U.S. economic indicators unexpectedly dropped.
Asian stocks rose, with the Nikkei 225 Stock Average climbing to a 4 1/2-year high after the Bank of Japan’s unprecedented stimulus. Chinese and Taiwanese shares fell after more infections from a deadly new strain of bird flu.
Michael Kurtz, Hong Kong-based head of global equity strategy at Nomura Holdings Inc., Japan’s largest brokerage, comments on Europe’s debt crisis. He spoke in an interview at an equity forum in Singapore.
More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a U.S. president again sees an historic opportunity to strengthen America’s role in the region.
China’s stock-index futures will allow investors to hedge risks from potential asset bubbles and make equities cheaper in the long-term, according to Macquarie Group Ltd., Australia’s largest investment bank.
Japanese stock futures rose as faster-than-forecast jobs growth in the U.S. boosted investor optimism in the global recovery and as the yen weakened amid speculation the Bank of Japan will increase monetary easing.