Asia is set to get another shot at a market rebound, with equity-index futures signaling gains from Japan to Hong Kong amid signs Europe and Asia will act to thwart further volatility by increasing stimulus and after crude oil rallied.
Nikkei
225 Stock Average futures jumped in Osaka as gains in U.S. and European
stocks burnished sentiment, diminishing the appeal of haven assets like
the yen. New Zealand and Australia benchmarks opened higher, with Asian
stocks poised to end a third week of losses with a day in the green.
The euro held near a two-week low after European Central Bank chief
Mario Draghi indicated he may bolster support as soon as March. Base
metals rose Thursday, while Treasuries resumed their decline.
A
private gauge of Japanese manufacturing is due Friday, along with
updates on Thai and Malaysian foreign-currency reserves. Taiwan reports
on factory output and jobs.
Source: Bloomberg
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