WELLINGTON, Feb 3 (Reuters) - Asian stocks will likely gain
on Wednesday, as U.S. stocks rallied for a second day from a
combination of healthy earnings and positive economic data.
Wall Street shares rose as much as 1.3 percent as bellwether stocks such as Whirlpool Corp and Cumins Inc bettered market expectations, while home builders climbed after data showed pending home sales rose 1 percent in December.
British and European shares were at least 0.7 percent higher on strength in banks and miners, although energy shares fell after disappointing results from BP.
Japan's Nikkei average is seen rising, with Nikkei futures trading in Chicago 80 points higher than the Osaka close.
Australian shares are also seen stronger, with share index futures at 4,626, a 20.7 point premium to the underlying index's close on Tuesday.
The U.S. dollar weakened as the strength in stocks prompted a move towards growth-sensitive currencies.
HEADLINES: > Wall St climbs for 2nd day on solid earnings, data > ADRs climb on surge in crude, BP down after result > Volcker urges curbs on big banks' risky trades > Toyota US sales reel from crisis; GM, Ford surge > Skeptical Congress, Obama advisers clash on budget > Oil up nearly 4 pct on demand optimism, weak dlr > US pending home sales edge up, vacancies rise > Galleon fight on wiretaps grows amid new pleas > Cadbury shareholders approve Kraft takeover > PNC closer to TARP payment after $2.3 bln sale > Obama to meet Dalai Lama despite China warnings > Asia lifts US manufacturers' profits, shares > Yuan rise no panacea for others -IMF economist
KEY INDEXES pct change
Bank of New York Asia ADR index +1.11
Dow Jones Industrial Average +1.09
Nasdaq Composite Index +0.87
MSCI Asia Pacific ex-Japan +0.29
Nikkei futures in Chicago 10,450
Nikkei futures in Osaka 10,370
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Mitsubishi Motors Corp Q3 results
- Kobe Steel Ltd Q3 results
- Shinsei Bank Q3 results
AUSTRALIA - News Corp Q2 results
- International trade in goods and services,
December
TAIWAN - UMC Q4 earnings investor conference
HONG KONG - Esprit Holdings Ltd H1 results news
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 2010. 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 shares rose as much as 1.3 percent as bellwether stocks such as Whirlpool Corp and Cumins Inc bettered market expectations, while home builders climbed after data showed pending home sales rose 1 percent in December.
British and European shares were at least 0.7 percent higher on strength in banks and miners, although energy shares fell after disappointing results from BP.
Japan's Nikkei average is seen rising, with Nikkei futures trading in Chicago 80 points higher than the Osaka close.
Australian shares are also seen stronger, with share index futures at 4,626, a 20.7 point premium to the underlying index's close on Tuesday.
The U.S. dollar weakened as the strength in stocks prompted a move towards growth-sensitive currencies.
HEADLINES: > Wall St climbs for 2nd day on solid earnings, data > ADRs climb on surge in crude, BP down after result > Volcker urges curbs on big banks' risky trades > Toyota US sales reel from crisis; GM, Ford surge > Skeptical Congress, Obama advisers clash on budget > Oil up nearly 4 pct on demand optimism, weak dlr > US pending home sales edge up, vacancies rise > Galleon fight on wiretaps grows amid new pleas > Cadbury shareholders approve Kraft takeover > PNC closer to TARP payment after $2.3 bln sale > Obama to meet Dalai Lama despite China warnings > Asia lifts US manufacturers' profits, shares > Yuan rise no panacea for others -IMF economist
KEY INDEXES pct change
Bank of New York Asia ADR index +1.11
Dow Jones Industrial Average +1.09
Nasdaq Composite Index +0.87
MSCI Asia Pacific ex-Japan +0.29
Nikkei futures in Chicago 10,450
Nikkei futures in Osaka 10,370
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Mitsubishi Motors Corp Q3 results
- Kobe Steel Ltd Q3 results
- Shinsei Bank Q3 results
AUSTRALIA - News Corp Q2 results
- International trade in goods and services,
December
TAIWAN - UMC Q4 earnings investor conference
HONG KONG - Esprit Holdings Ltd H1 results news
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 2010. 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.