European stocks rose, with the benchmark index reaching a five-year high, while Spanish bonds declined on signs of accelerating inflation in the 17-nation bloc. The euro climbed against the yen and the pound advanced while crude oil held declines and gold rallied.
Asian stocks rose, with Japan’s Nikkei 225 Stock Average closing at the highest in six years as the yen touched a sixth-month low against the dollar after U.S. employment and consumer confidence reports boosted optimism in the world’s largest economy.
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.
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.
Asian shares rose this week, with the regional benchmark posting its biggest increase since April, amid signs the Japanese and U.S. economies are improving. Stocks in Hong Kong rebounded on optimism the recent rout amid concerns of a Chinese cash crunch was overdone.
Asian stocks outside Japan rose as Chinese property developers and resources companies climbed. Japanese shares fell after economic growth in the world’s third- largest economy slowed more than forecast.
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.