Japan Topix index rose
as Greek lawmakers passed a bailout agreement that keeps the country in
the euro and investors weighed comments from Federal Reserve Chair
Janet Yellen on the timing of rate increases.
The Topix climbed 0.5
percent to 1,654.80 as of 9:01 a.m. in Tokyo, headed for a fifth day of
gains. The Nikkei 225 Stock Average advanced 0.6 percent to 20,592.59.
The yen fell 0.1 percent to 123.89 per dollar after weakening 0.3
percent on Wednesday. Greece’s vote puts the onus on the ECB and other
euro-region governments to deploy more emergency funds that will help
Greek banks re-open. Yellen was upbeat on the economy and repeated that
the Fed will probably raise its main interest rate this year.
Futures on the Standard & Poor 500 Index added 0.1 percent. The underlying equity measure slipped 0.1 percent on Wednesday.
Source : Bloomberg
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