Asian index futures rose as drugmakers drove U.S.
stock gains, pushing the Standard & Poor��s 500 Index to its longest
rally since September. Australia��s dollar held an advance before
inflation data while crude oil traded near a two-week low before a
report on U.S. supplies.
Futures on equity gauges in Australia and South
Korea rose at least 0.2 percent in most recent trading, while Nikkei 225
Stock Average futures climbed 0.9 percent in Osaka. S&P 500 futures
were little changed by 7:30 a.m. in Tokyo after a sixth rising day in
the index, led by a 1 percent jump in health-care stocks. The Aussie was
at 93.62 U.S. cents after gaining the most in two weeks yesterday.
Crude oil in New York rose 0.2 percent after sliding the most in three
months last session.
Allergan Inc., maker of the Botox wrinkle
treatment, soared 15 percent in New York as it became the latest
drugmaker to be targeted for takeover, helping U.S. stocks recover from a
technology-driven rout. China��s economy is back in focus today, with
the HSBC Holdings Plc/Markit Economics Ltd. manufacturing gauge, while
Australian price growth is projected to have accelerated last quarter.
Thailand reviews interest rates today and data on U.S. and European
factory output is also due.
Copy Source: Bloomberg
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