Bloomberg, (5/7) -- Asian stocks rose,
with the regional equities gauge on course for a second week of gains,
as European policy makers signaled they will keep borrowing costs low
for longer.
The MSCI Asia Pacific Index gained 0.5 percent to 131.23 as of 9:18 a.m. in Tokyo, as all 10 industry groups climbed. The gauge is headed for a 0.5 percent advance this week. Futures on the Standard & Poor’s 500 Index gained 0.9 percent, with U.S. equity markets poised to reopen following a public holiday. Markets in Hong Kong and China are yet to open. “The European Central Bank and the Bank of England have both come out and tried to combat the rise in bond yields with some forward guidance,” Keith Poore, Wellington-based head of investment strategy at AMP Capital Investors Ltd., which manages more than $130 billion, said by telephone. “The market was surprised by the dovish comments. Global growth is picking up and this should flow through to earnings and help stocks go higher.” Japan’s Topix index added 1 percent, with trading volume 4.8 percent above its 30-day average of the time of day. Australia’s S&P/ASX 200 Index advanced 1.2 percent and South Korea’s Kospi (KOSPI) index rose 0.4 percent. New Zealand’s NZX 50 Index climbed 0.5 percent. http://www.bloomberg.com/news/2013-07-04/asia-stock-futures-rise-as-europe-policy-makers-pledge-low-rates.html |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:37 AM
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