WELLINGTON: Asian stocks will likely start higher on Wednesday, , Sept 29 as U.S. markets resumed their climb and investors speculated that the Federal Reserve was moving closer to providing more stimulus to the sluggish economy.
The main Wall Street indexes rose between 0.4 percent and 0.5 percent, reversing the previous day's losses, as investors bought up stocks which had performed well in the September rally.
The S&P 500 has risen 9.4 percent in September, led by commodity and economically sensitive stocks.
Wall Street also gained on the back of a positive earnings report from drugstore Walgreen Co and Endo
Pharmaceuticals Holdings Inc offering $1.2 billion for privately held Qualitest Pharmaceuticals.
Asian stocks listed on Wall Street rose 0.7 percent.
British shares edged 0.1 percent higher, while European'' shares fell 1 percent, as banks fell on concerns over sovereign debt in some euro-zone countries.
The U.S. dollar fell across the board as a fall in consumer confidence raised expectations the Federal Reserve would embark on a new round of quantitative easing, with the euro squeezing higher after breaking a key technical level.
The greenback was about 0.5 percent lower against the yen.
Japanese markets are seen edging higher, though the stronger yen will weigh on exporters. Nikkei futures traded in Chicago 25 points above the last closing level in Osaka.
Australian shares are seen making a firm start, buoyed by higher metal prices. Share index futures rose 17 points to 4,715, a 45.3 point premium to the underlying S&P/ASX 200 index. - Reuters
The main Wall Street indexes rose between 0.4 percent and 0.5 percent, reversing the previous day's losses, as investors bought up stocks which had performed well in the September rally.
The S&P 500 has risen 9.4 percent in September, led by commodity and economically sensitive stocks.
Wall Street also gained on the back of a positive earnings report from drugstore Walgreen Co
Pharmaceuticals Holdings Inc offering $1.2 billion for privately held Qualitest Pharmaceuticals.
Asian stocks listed on Wall Street rose 0.7 percent.
British shares edged 0.1 percent higher, while European'' shares fell 1 percent, as banks fell on concerns over sovereign debt in some euro-zone countries.
The U.S. dollar fell across the board as a fall in consumer confidence raised expectations the Federal Reserve would embark on a new round of quantitative easing, with the euro squeezing higher after breaking a key technical level.
The greenback was about 0.5 percent lower against the yen.
Japanese markets are seen edging higher, though the stronger yen will weigh on exporters. Nikkei futures traded in Chicago 25 points above the last closing level in Osaka.
Australian shares are seen making a firm start, buoyed by higher metal prices. Share index futures rose 17 points to 4,715, a 45.3 point premium to the underlying S&P/ASX 200 index. - Reuters
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