Japanese stock futures rose, after U.S. equities advanced for the first time in three days amid an unexpected increase inconsumer confidence. The yen was little changed against the dollar.
Futures on the Nikkei 225 Index added 0.5 percent in Chicago. The yen fell less than 0.1 percent to 102.28 per dollar as of 6:53 a.m. in Tokyo. The Standard & Poor’s 500 Index (SPX) added 0.4 percent to 1,865.62. The Stoxx Europe 600 Index climbed 1.3 percent after falling 1.1 percent the previous day, the most in two weeks. Ten-year Treasury yields increased 2 basis points to 2.75 percent. Copper jumped 2 percent on speculation demand will improve as China takes steps to bolster economic growth.
An index of U.S. consumer confidence rose in March to the highest level in six years, overshadowing a separate report showing a drop in February home sales. German business confidence fell for the first time in five months. The world’s top industrial powers threatened further sanctions to deter Russian President Vladimir Putin from taking over other parts of Ukraine and suspended Russia from participating in the Group of Eight.
“The U.S. economy seemed to have cooled off from the pace it’s on toward the end of last year,” Curtis Holden, a senior investment officer at Tanglewood Wealth Management in Houston, said in a phone interview. His firm oversees about $800 million. “There may be a little relief recently that things may be stable here. Things don’t look spectacular here, but they look OK. The market is trying to piece together about how concerned should we be about things going on overseas.”
Source : - Blomberg.com
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