Asian stocks climb before payroll; Ringgit gains with oil
Bareksa • 07 Mar 2014
The yen is posting the worst performance against the greenback this week of 16 major currencies tracked by Bloomberg (Bloomberg/Akio Kon)
Global stocks are trading at their most expensive level this year
Bloomberg - Asian stocks rose, with the regional index headed for its longest stretch of weekly gains since September, as Japanese equities climbed amid a weaker yen. Emerging-market currencies from Malaysia to Thailand strengthened versus the dollar as oil climbed a second day.
The MSCI Asia Pacific Index added 0.5 percent by 9:23 a.m. in Tokyo, set for the highest close since Jan. 22. Japan’s Topix Index jumped 0.9 percent in a fourth day of gains as the yen held near a five-week low. Standard & Poor’s 500 Index (SPX) futures rose 0.1 percent. Malaysia’s ringgit, the Korean won and Thai baht climbed at least 0.1 percent.