Asian stocks rose on Tuesday as higher confidence among US homebuilders, a surge in oil prices and a drop in bank borrowing costs stoked optimism the global economy is recovering. Futures on the S&P500 Index were little changed after the gauge climbed 3% on Monday – the most in two weeks.
Asian markets (Tues)
03:15 BST
Nikkei up 271.31 (3.00%) at at 9,310.00
Topix up 18.01 (2.10%) at 877.72
Hang Seng up 232.21 (1.38%) at 17,022.91
US markets (Mon)
S&P500 up26.83 (3.04%) at 909.71
DJIA up 235.44 (2.85%) at 8,504.08
Nasdaq up 62.22 (3.11%) at 1,732.36
European markets (Mon)
FTSE100 up 98.34 (2.26%) at 4,446.45
Eurofirst 300 up 19.94 (2.37%) at 859.88
Currencies
04:10 BST
€/$ 1.3548 (1.3428)
$/¥ 96.4300 (94.82)
£/$ 1.5330 (1.5238)
Commodities
04:00 BST
Brent Crude (ICE) up $0.02 at $58.49
Light Crude (Nymex) up $0.16 at $59.19
100 Oz Gold (Comex) down $3.20 at $918.50
Copper (Comex) up $7.05 at $207.55
10-year government bond yields (%)
04:20 BST
US 3.23 (3.10)
UK 3.54 (3.47)
Germany 3.38 (3.36)
Japan 1.42 (1.43)
Sources: FT, Bloomberg