European stocks gained the most in a month, with the Stoxx Europe 600 Index posting its longest winning streak since January, as banks advanced and a report showed Chinese imports beat forecasts in March.
The Australian and New Zealand currencies rose versus the yen after a survey of companies showed Chinese manufacturing expanded at the fastest pace in two years, brightening the outlook for commodity exports.
The yen headed for a weekly drop against most of its major peers before data that may show the U.S. added jobs for a ninth month and after German exports rose by more than forecast, reducing demand for haven currencies.
The Australian dollar touched the highest in more than a week and New Zealand’s currency rose versus the greenback as Asian stocks advanced and higher prices for commodities boosted demand for higher-yielding assets.
Australia’s dollar rose to a six-week high against New Zealand’s before a report forecast to show the jobless rate fell in the larger South Pacific nation, fueling speculation the central bank will raise interest rates.