Asian stocks climbed,
fueling a second weekly jump for the regional benchmark after American
equities jumped with commodity prices and a Ukraine cease-fire deal was
forged. Emerging-market currencies rose as the yen held gains.
The MSCI Asia Pacific
Index advanced 0.6 percent by 9:31 a.m. in Tokyo, as mining and energy
shares drove Australia™s S&P/ASX 200 Index toward its highest close
since May 2008. Standard & Poor™s 500 Index futures fell 0.1 percent
after the gauge came within three points of a record. Japan™s Topix
index extended gains from a seven-year high, even as the yen maintained
Thursday™s 1.1 percent surge. The Korean won and Malaysian ringgit added
at least 0.3 percent. Gold climbed.
Global equities are
rising a second week as the accord aimed at halting Ukraine™s 10-month
conflict and optimism of a compromise on Greece soothes geopolitical
concerns. Most industrial metals soared Thursday and oil rallied more
than 4 percent. Australia™s central bank chief told lawmakers rate cuts
may have lost some of the efficacy, after the country joined the global
wave of monetary easing last week. The Bank of Japan is said to regard
increasing stimulus as counterproductive.
The Bloomberg Commodity Index gained 1.4 percent on Thursday, its steepest one-day increase since Feb. 3.
Source : Bloomberg
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