WELLINGTON, Dec 8 (Reuters) - Asian shares are expected to
start the week on a positive note after a late rally saw Wall St
close higher on Friday.
Falling oil prices fuelled hopes of an upsurge in consumer spending, sending retail and consumer goods' stocks higher.
But gains are expected to be tempered with caution after U.S. payrolls data on Friday showed the biggest monthly drop in jobs in 34 years, with more weak data expected this week.
Major U.S. stock indices all gained more than 3 percent, while Nikkei share average futures traded in Chicago were 2.76 percent higher.
The U.S. dollar gained on safe-haven buying, while the yen weakened on firmer stocks which might also help the Japanese market.
Oil fell to a 4-year low on demand fears, while other commodity prices were also generally weaker.
HEADLINES: > Obama vows strong new financial regulations > Merkel calls German econ summit as pressure grows > Pakistan raids camp of group blamed for Mumbai > Bush, Democrats seek to finalize auto bailout > Ghana votes for new president to usher in oil era > Bush team makes final bid in N.Korea nuclear talks > WTO proposals show trade deal far from certain > Nobel winner Krugman fears damage to economy
KEY INDEXES pct change
Bank of New York Asia ADR index 2.86
Dow Jones Industrial Average 3.09
Nasdaq Composite Index 4.41
MSCI Asia Pacific ex-Japan -0.51
Nikkei futures in Chicago 2.76
Nikkei futures in Osaka -0.89
ASIAN ADR ACTION:
5 most actively traded pct change
Siliconware -2.11
Mitsubishi UFJ -2.92
Infosys Tech 3.80
TSMC 4.67
BHP Billiton 1.21
Top 5 performers: pct change
Tom Online 16.04
Genetic Tech 13.21
KEPCO 10.82
China Life 10.57
Shinhan Fin Gp 10.33
Bottom 5 performers: pct change
Prana Biotech -7.47
Mahanagar Tel -4.45
Mitsubishi UFJ -2.92
Santos -2.80
Siliconware -2.11
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - November bank lending data
- Current account balance
STH KOREA - November consumer expectation index
- November producer price index
TAIWAN - November trade data
SINGAPORE - Market Holiday
(Reporting by Adrian Bathgate) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Falling oil prices fuelled hopes of an upsurge in consumer spending, sending retail and consumer goods' stocks higher.
But gains are expected to be tempered with caution after U.S. payrolls data on Friday showed the biggest monthly drop in jobs in 34 years, with more weak data expected this week.
Major U.S. stock indices all gained more than 3 percent, while Nikkei share average futures traded in Chicago were 2.76 percent higher.
The U.S. dollar gained on safe-haven buying, while the yen weakened on firmer stocks which might also help the Japanese market.
Oil fell to a 4-year low on demand fears, while other commodity prices were also generally weaker.
HEADLINES: > Obama vows strong new financial regulations > Merkel calls German econ summit as pressure grows > Pakistan raids camp of group blamed for Mumbai > Bush, Democrats seek to finalize auto bailout > Ghana votes for new president to usher in oil era > Bush team makes final bid in N.Korea nuclear talks > WTO proposals show trade deal far from certain > Nobel winner Krugman fears damage to economy
KEY INDEXES pct change
Bank of New York Asia ADR index 2.86
Dow Jones Industrial Average 3.09
Nasdaq Composite Index 4.41
MSCI Asia Pacific ex-Japan -0.51
Nikkei futures in Chicago 2.76
Nikkei futures in Osaka -0.89
ASIAN ADR ACTION:
5 most actively traded pct change
Siliconware -2.11
Mitsubishi UFJ -2.92
Infosys Tech 3.80
TSMC 4.67
BHP Billiton 1.21
Top 5 performers: pct change
Tom Online 16.04
Genetic Tech 13.21
KEPCO 10.82
China Life 10.57
Shinhan Fin Gp 10.33
Bottom 5 performers: pct change
Prana Biotech -7.47
Mahanagar Tel -4.45
Mitsubishi UFJ -2.92
Santos -2.80
Siliconware -2.11
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - November bank lending data
- Current account balance
STH KOREA - November consumer expectation index
- November producer price index
TAIWAN - November trade data
SINGAPORE - Market Holiday
(Reporting by Adrian Bathgate) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.