WELLINGTON, Nov 16 (Reuters) - Asian stocks are set to open
stronger on Monday as global markets finished last week higher on
solid results and corporate activity.
The main U.S. share indices closed up as much as 0.9 percent on Friday, as positive results and outlook from big retailers Abercrombie & Fitch and JC Penney Co Inc spurred confidence that consumers would head out to spend in the christmas holiday season.
The gains offset weaker economic data on both consumer confidence, and the U.S. trade deficit, which was at its widest in close to a decade in September.
British and European shares closed up to 0.4 percent higher, with strong earnings results and merger activity driving gains.
Japanese shares are likely to open firmer, with Nikkei futures traded in Chicago 35 points above the last closing level in Osaka.
A firmer yen may hinder the gains, with the currency gaining as the weak data sent the U.S. dollar lower.
Australian stocks are also set to rise, with share index futures at 4,754, a 47.6 point premium to the underlying S&P/ASX 200 index's close on Monday.
Oil prices fell on a report showing high inventories in the U.S., stirring fears over weak demand.
HEADLINES: > U.S. consumer, trade data paints bleak picture > Wall St gains on retail hopes, Disney results > US Nov. auto sales won't trail Oct. - Ford analyst > Obama pushes for greater U.S. involvement in Asia > Fed's Evans-policy to remain accommodative into 2010 > Dell to sell smartphone, starting in China, Brazil > Sept. 11 suspects to be tried in New York > European recession over, but blackspots remain > J.C. Penney raises earnings view; shares up > China's Hu prods West on trade, investment barriers > Oil falls on high inventories, weak demand > Japan's MUFG to issue $11 bln in new shares-source > Citi to sell Bellsystem stake to Bain for $1 bln > Toyota to fix accelerators in huge US recall-Kyodo > Japan's Hitachi to raise up to $4.5 bln -sources > India's Essar to buy Dhabi's Africa telco assets > Sony CEO sees no electronics rebound - report > India's Shoppers Stop to raise funds > Honda Motor to stop Spain motorcycle output-Nikkei
KEY INDEXES pct change
Bank of New York Asia ADR index +1.02
Dow Jones Industrial Average +0.72
Nasdaq Composite Index +0.88
MSCI Asia Pacific ex-Japan +0.09
Nikkei futures in Chicago 9,785
Nikkei futures in Osaka 9,750
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC 1.34
Mitsubishi UFJ -7.82
Infosys Tech 2.85
UMC 1.38
Siliconware 1.10
Top 5 performers: pct change
China Eastern 10.31
China Southern 7.29
Orix 3.64
LG.Philips 3.57
Rio Tinto 3.57
Bottom 5 performers: pct change
SMIC -8.92
Mitsubishi UFJ -7.82
Webzen -5.21
Satyam -2.00
Makita Corp. -0.89
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Preliminary Q3 GDP
HONG KONG - Tingyi Holding Corp Q3 results
news conference
- CPMC Holdings Ltd trading debut
AUSTRALIA - Incitec Pivot full year results
- OneSteel Ltd annual meeting
STH KOREA - Hynix Semiconductor's shareholder
committee meeting
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) 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 For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. 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.
The main U.S. share indices closed up as much as 0.9 percent on Friday, as positive results and outlook from big retailers Abercrombie & Fitch and JC Penney Co Inc spurred confidence that consumers would head out to spend in the christmas holiday season.
The gains offset weaker economic data on both consumer confidence, and the U.S. trade deficit, which was at its widest in close to a decade in September.
British and European shares closed up to 0.4 percent higher, with strong earnings results and merger activity driving gains.
Japanese shares are likely to open firmer, with Nikkei futures traded in Chicago 35 points above the last closing level in Osaka.
A firmer yen may hinder the gains, with the currency gaining as the weak data sent the U.S. dollar lower.
Australian stocks are also set to rise, with share index futures at 4,754, a 47.6 point premium to the underlying S&P/ASX 200 index's close on Monday.
Oil prices fell on a report showing high inventories in the U.S., stirring fears over weak demand.
HEADLINES: > U.S. consumer, trade data paints bleak picture > Wall St gains on retail hopes, Disney results > US Nov. auto sales won't trail Oct. - Ford analyst > Obama pushes for greater U.S. involvement in Asia > Fed's Evans-policy to remain accommodative into 2010 > Dell to sell smartphone, starting in China, Brazil > Sept. 11 suspects to be tried in New York > European recession over, but blackspots remain > J.C. Penney raises earnings view; shares up > China's Hu prods West on trade, investment barriers > Oil falls on high inventories, weak demand > Japan's MUFG to issue $11 bln in new shares-source > Citi to sell Bellsystem stake to Bain for $1 bln > Toyota to fix accelerators in huge US recall-Kyodo > Japan's Hitachi to raise up to $4.5 bln -sources > India's Essar to buy Dhabi's Africa telco assets > Sony CEO sees no electronics rebound - report > India's Shoppers Stop to raise funds > Honda Motor to stop Spain motorcycle output-Nikkei
KEY INDEXES pct change
Bank of New York Asia ADR index +1.02
Dow Jones Industrial Average +0.72
Nasdaq Composite Index +0.88
MSCI Asia Pacific ex-Japan +0.09
Nikkei futures in Chicago 9,785
Nikkei futures in Osaka 9,750
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC 1.34
Mitsubishi UFJ -7.82
Infosys Tech 2.85
UMC 1.38
Siliconware 1.10
Top 5 performers: pct change
China Eastern 10.31
China Southern 7.29
Orix 3.64
LG.Philips 3.57
Rio Tinto 3.57
Bottom 5 performers: pct change
SMIC -8.92
Mitsubishi UFJ -7.82
Webzen -5.21
Satyam -2.00
Makita Corp. -0.89
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Preliminary Q3 GDP
HONG KONG - Tingyi Holding Corp Q3 results
news conference
- CPMC Holdings Ltd trading debut
AUSTRALIA - Incitec Pivot full year results
- OneSteel Ltd annual meeting
STH KOREA - Hynix Semiconductor's shareholder
committee meeting
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) 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 For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. 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.