Asian markets rose on Tuesday after US economic data added to signs the global recession is abating and GM’s bankruptcy raised optimism that Asia’s automakers will gain market share. Futures on the S&P500 Index lost 0.1% after the gauge climbed 2.6% in New York on Monday as reports on personal income, manufacturing and construction beat economists’ forecasts. Yields on 10-year Treasuries surged the most in eight months as demand for the safety of government debt fell.
Asian markets (Tues)
03:10 BST
Nikkei up 60.24 (0.62%) at at 9,737.99
Topix up 9.02 (0.99%) at 921.54
Hang Seng up 717.59 (3.95%) at 18,888.59
US markets (Mon)
S&P500 up 23.73 (2.58%) at 942.87
DJIA up 221.11 (2.60%) at 8,721.44
Nasdaq up 54.35 (3.06%) at 1,828.68
European markets (Mon)
Eurofirst 300 up 24.10 (2.80%) at 886.27
FTSE100 up 88.25 (2.00%) at 4,506.19
Currencies
03:45 BST
€/$ 1.4155 (1.4160)
$/¥ 96.30 (94.80)
£/$ 1.6431 (1.6236)
Commodities
04:00 BST
Brent Crude (ICE) down $0.57 at $67.40
Light Crude (Nymex) down $0.76 at $67.82
100 Oz Gold (Comex) down $3.30 at $976.70
Copper (Comex) down $0.10 at $231.80
10-year government bond yields (%)
04:05 BST
US 3.66 (3.51)
UK 3.83 (3.80)
Germany 3.59 (3.68)
Japan 1.51 (1.48)
Sources: FT, Bloomberg