Japanese stocks rose as investors weighed a strengthening yen against a potential delay in any U.S. interest-rate increase.
The Topix index
climbed 0.3 percent to 1,612.07 as of 9:01 a.m. in Tokyo, after gaining
1.2 percent last week. The Nikkei 225 Stock Average advanced 0.1 percent
to 19,748.08. The yen traded at 119.35 per dollar after last week
strengthening by the most in a month as weaker-than-expected U.S.
economic data, including a consumer confidence report on Friday, pushed
the greenback lower.
A government report
today showed Japanese machine orders rose 2.6 percent in March from a
year earlier, beating estimates by economists for a decline of 6
percent.
E-mini futures on the
Standard & Poor’s 500 Index slipped 0.1 percent after the underlying
U.S. measure gained 0.1 percent to close at a record on Friday in New
York.
Source: Bloomberg
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