WELLINGTON, Dec 15 (Reuters) - Asian stocks are set to climb
on Tuesday, as the helping hand extended to debt-laden Dubai
proved a confidence booster for world markets.
Wall Street stocks closed at 14-month highs as the Dubai optimism was reinforced by Citigroup unveiling a plan to pay back the $20 billion it owes the U.S. Government. Bank of America paid off its $45 billion loan last week.
Corporate activity also lifted the market, with energy giant Exxon Mobil Corp launching a $30 billion takeover bid for natural gas supplier XTO Energy Inc.
British and European shares closed as much as 1 percent higher, with banks leading the way after Abu Dhabi provided $10 billion in aid to Dubai World.
Japan's Nikkei average is set to open a touch firmer, with Nikkei futures traded in Chicago closing 25 points higher than the Osaka close.
The U.S. dollar fell on the Dubai rescue, as investors were tempted back into riskier assets and sold the safe-haven greenback.
Australian shares are likely to make a positive start, with stock index futures at 4,667, a 13-point premium over the underlying index's close on Monday.
HEADLINES: > Exxon Mobil to buy XTO Energy in big U.S. gas bet > Abu Dhabi throws Dubai a lifeline, terms uncertain > Citi to raise $20 bln capital to repay U.S. > Mexico hit with second debt downgrade > Obama tells US bankers it's payback time > Dubai bailout, Exxon deal push Wall St to highs > U.S. post-Christmas shopping may fall - survey > Lloyds cash call moves focus to turnaround > Euro zone Oct output falls, recovery seen fragile > Cadbury points to rival interest and rejects Kraft > U.S. to rely less on oil for energy by 2035-Govt > African protest hits last week of UN climate talks
KEY INDEXES pct change
Bank of New York Asia ADR index +0.47
Dow Jones Industrial Average +0.28
Nasdaq Composite Index +0.99
MSCI Asia Pacific ex-Japan +0.41
Nikkei futures in Chicago 10,125
Nikkei futures in Osaka 10,100
TOP ASIA EVENTS:
For more Asian company earnings, see
HONG KONG - Value China ETF trading debut
- Alibaba.com Ltd meeting
AUSTRALIA - Minutes of Reserve Bank of Australia policy
meeting
TAIWAN - Taipei Auto Show press conference
(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 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.
Wall Street stocks closed at 14-month highs as the Dubai optimism was reinforced by Citigroup unveiling a plan to pay back the $20 billion it owes the U.S. Government. Bank of America paid off its $45 billion loan last week.
Corporate activity also lifted the market, with energy giant Exxon Mobil Corp launching a $30 billion takeover bid for natural gas supplier XTO Energy Inc.
British and European shares closed as much as 1 percent higher, with banks leading the way after Abu Dhabi provided $10 billion in aid to Dubai World.
Japan's Nikkei average is set to open a touch firmer, with Nikkei futures traded in Chicago closing 25 points higher than the Osaka close.
The U.S. dollar fell on the Dubai rescue, as investors were tempted back into riskier assets and sold the safe-haven greenback.
Australian shares are likely to make a positive start, with stock index futures at 4,667, a 13-point premium over the underlying index's close on Monday.
HEADLINES: > Exxon Mobil to buy XTO Energy in big U.S. gas bet > Abu Dhabi throws Dubai a lifeline, terms uncertain > Citi to raise $20 bln capital to repay U.S. > Mexico hit with second debt downgrade > Obama tells US bankers it's payback time > Dubai bailout, Exxon deal push Wall St to highs > U.S. post-Christmas shopping may fall - survey > Lloyds cash call moves focus to turnaround > Euro zone Oct output falls, recovery seen fragile > Cadbury points to rival interest and rejects Kraft > U.S. to rely less on oil for energy by 2035-Govt > African protest hits last week of UN climate talks
KEY INDEXES pct change
Bank of New York Asia ADR index +0.47
Dow Jones Industrial Average +0.28
Nasdaq Composite Index +0.99
MSCI Asia Pacific ex-Japan +0.41
Nikkei futures in Chicago 10,125
Nikkei futures in Osaka 10,100
TOP ASIA EVENTS:
For more Asian company earnings, see
HONG KONG - Value China ETF trading debut
- Alibaba.com Ltd meeting
AUSTRALIA - Minutes of Reserve Bank of Australia policy
meeting
TAIWAN - Taipei Auto Show press conference
(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 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.