Asian Stocks Climb to One-Year High as Commodity Producers Gain

Asian stocks climbed, trading at the highest level in a year, after U.S. shares regained records and a rally in crude futures bolstered commodity producers.

The MSCI Asia Pacific Index rose 0.1 percent to 139.98 as of 9:05 a.m. in Tokyo. Japan’s Topix index increased 0.1 percent as the yen fluctuated against the dollar. Asian stocks have climbed 24 percent from their February low as lackluster data on the world’s biggest economies fuels speculation central banks will continue to support them with stimulus and loose monetary policy. The odds the Federal Reserve will raise rates this year remains below 50 percent.

The S&P 500 Index climbed 0.3 percent on Monday, regaining an all-time high and pushing valuations to 18.6 times estimated earnings. That compares with 14.3 times for the MSCI Asia Pacific Index, data compiled by Bloomberg showed.

Source : Bloomberg

PT Bestprofit Futures – MARKET

Asian Stocks Climb After U.S. Payrolls as Japan Leads Advance

Asian stocks rose, tracking gains in U.S. shares after a strong jobs report eased concerns about the world’s largest economy. Japanese equities led the advance.

The MSCI Asia Pacific Index climbed 0.5 percent to 128.88 as of 9:00 a.m. in Tokyo. Japan’s Topix index jumped as the yen weakened after the U.S. data. Polls showed Prime Minister Shinzo Abe’s coalition was on course for a two-thirds majority after Sunday’s elections that would allow Abe to revise the country’s pacifist constitution. The S&P 500 Index briefly topped a record close on Friday, erasing losses incurred after the U.K.’s Brexit vote, as a 287,000 increase in workers surpassed economists’ expectations.

Source : Bloomberg

PT Bestprofit Futures – MARKET