Japanese index futures
fell while contracts on the Standard & Poor™s 500 Index climbed
after financial and technology companies drove a second day of declines
in U.S. stocks. Platinum and palladium rebounded as New Zealand™s dollar
held gains near a 2 1/2-year high.
Futures on Japan™s Nikkei 225 Stock
Average dropped 0.5 percent to 14,560 by 8:05 a.m. in the Osaka
pre-market, after rising in Chicago. S&P 500 futures added 0.2
percent after the U.S. gauge fell 0.2 percent to a two-week low in New
York. Platinum rose for the first day this week while palladium snapped a
three-day retreat. The kiwi was steady after touching the strongest
level since August 2011 yesterday and forward contracts on the South
Korean won climbed a third day.
Asian stocks are headed for their best
week since September, rising 2.5 percent as investors brushed aside
disappointing economic data to focus on gains in U.S. consumer
confidence and speculation China will act to steady its economy.
Japanese inflation matched economists™ estimates in February and the
jobless rate dropped with retail trade
data also due today. In the U.S., jobless claims unexpectedly fell and
economic growth came in slower than economists projected.
Copy Source: Bloomberg
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