The
dollar gained against most peers, while Japanese stocks increased after
records in New York amid global central-bank efforts to prop up
economic growth. Oil retreated with Norways krone.
Japans
Topix index climbed 0.7 percent by 9:11 a.m. in Tokyo, as the yen
slipped 0.1 percent to 118.37. The MSCI Asia Pacific Index climbed 0.2
percent while a 1.9 percent drop by BHP Billiton Ltd. dragged Australias
S&P/ASX 200 Index lower. Futures on the Standard & Poors 500
Index were little changed after the U.S. gauge and the Dow Jones
Industrial Average closed at records. Norways currency weakened 0.3
percent while oil in New York slipped 0.2 percent.
Japanese
markets resume after a holiday during which Chinas central bank cut
interest rates. While gross domestic product growth in the three months
through Sept. 30 is likely to be revised lower. A final reading on
German third-quarter economic expansion is due after an unexpected
increase in business confidence amid European Central Bank President
Mario Draghis efforts to win support for more measures.
The
S&P 500 has rebounded 11 percent from a six-month low last month.
The gauge had plunged as much as 7.4 percent as concern grew Europe was
leading a global growth slowdown. It has closed above its five-day
moving average for 27 consecutive trading sessions, the longest such
streak in history, according to Jonathan Krinsky, chief market
technician at MKM Holdings LLC.
Source: Bloomberg
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