WELLINGTON: Asian stocks will probably make a cautious start on Monday, April 18 as another round of policy tightening by economic powerhouse China is likely to keep investors wary despite the improving economic picture.
Solid data from the U.S. showing growing consumer confidence and benign inflation helped drive the main Wall Street indexes between 0.2 percent and 0.5 percent higher.
Strength in defensive shares, such as utilities and healthcare, overcame disappointing results from Google Inc and Bank of America , with a large number of companies due to report results this week.
Global stocks as measured by MSCI's all-country world index'' rose 0.1 percent, while British shares gained 0.5 percent and European shares were up 0.3 percent, with defensive sectors again the best performers.
Asian stocks listed on Wall Street slipped 0.6 percent.
The U.S. dollar struggled on the expectation the Federal Reserve will lag other central banks in raising rates, notably the European Central Bank. The yen advanced for a sixth session out of the previous seven.
Japanese markets are set to recover a little from Friday's 0.7 percent fall, with Nikkei futures traded in Chicago <2NKc1> 40 points above the last closing level in Osaka.
Australian stocks may edge higher, with share price index futures up 16 points to 4,879, a 26.9 point premium to the close of the underlying S&P/ASX 200 index. - Reuters
Solid data from the U.S. showing growing consumer confidence and benign inflation helped drive the main Wall Street indexes between 0.2 percent and 0.5 percent higher.
Strength in defensive shares, such as utilities and healthcare, overcame disappointing results from Google Inc and Bank of America , with a large number of companies due to report results this week.
Global stocks as measured by MSCI's all-country world index'' rose 0.1 percent, while British shares gained 0.5 percent and European shares were up 0.3 percent, with defensive sectors again the best performers.
Asian stocks listed on Wall Street slipped 0.6 percent.
The U.S. dollar struggled on the expectation the Federal Reserve will lag other central banks in raising rates, notably the European Central Bank. The yen advanced for a sixth session out of the previous seven.
Japanese markets are set to recover a little from Friday's 0.7 percent fall, with Nikkei futures traded in Chicago <2NKc1> 40 points above the last closing level in Osaka.
Australian stocks may edge higher, with share price index futures up 16 points to 4,879, a 26.9 point premium to the close of the underlying S&P/ASX 200 index. - Reuters
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