Japanese
stocks rose as the yen weakened to the lowest level against the dollar
in three months, boosting the earnings outlook for exporters.
The
Topix index gained 0.5 percent to 1,539.88 as of a 9:01 a.m. in Tokyo,
with all but one of its 33 industry groups rising. The Nikkei 225 Stock
Average added 0.6 percent to 18,902.55. The yen slid 0.2 percent to
121.42 per dollar, dropping for a fourth day to its weakest since early
December.
The
Federal Reserve reviews U.S. monetary policy on March 18, with market
participants watching to see if policy makers retain their pledge to be
“patient” with raising borrowing costs.
Futures
on the S&P 500 Index slipped 0.1 percent after the underlying gauge
added 0.4 percent yesterday as U.S. equities entered the seventh year
of a bull run.
Source: Bloomberg
No comments:
Post a Comment