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Wednesday, April 2, 2014

Asian Futures Rise With U.S. Stocks on Jobs

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:25 PM No comments


Asian index futures climbed with U.S. stocks after a private report signaled American companies added more workers last month ahead of government payrolls data. The yen held nears its highest level in more than two months as copper futures retreated and oil extended its decline.
Futures on Japan™s Nikkei 225 Stock Average closed above 15,000 for the first time since mid-March in Osaka and Chicago, as contracts on Australia™s S&P/ASX 200 Index gained 0.3 percent. Standard & Poor™s 500 Index futures were little changed after the gauge climbed a fourth day, extending its record high. The yen was steady at 103.85 per dollar after five days of weakness, while Korean won forwards declined. Copper futures fell 0.3 percent as oil in New York fell a fourth day.
The European Central Bank reviews monetary policy today and service industries are in focus, with March data from China to Japan and the U.S. scheduled. The weekly report on U.S. jobless claims is due, after ADP Research Institute said employment rose by 191,000 last month, following a 178,000 gain in February that was stronger than estimated. The payrolls report is due tomorrow. China announced measures to support growth yesterday, including increased railway spending and tax relief.
Source : Bloomberg

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