U.S. manufacturers are heading for a revival as a lower dollar, falling wages and rising productivity make them more competitive, according to Sean Darby, Jefferies Group Inc.’s chief global equity strategist.
Asian stocks dropped, with a regional gauge that excludes Japan heading for its first decline in three days, amid overheating signs as China’s inflation accelerated. Japanese shares rallied after the Cabinet approved stimulus measures.
Japanese stock futures rose, with the Nikkei 225 Stock Average poised for a third day of gains, as the yen fell to the lowest level since 2010 amid speculation Prime Minister Shinzo Abe is set to announce more stimulus measures. Australian equities gained.
Malaysian stocks rose, driving the benchmark index to a record close, as government plans to boost the economy and an appreciating currency bolstered foreign investment in the market to a two-year high.