Asia shares
pushed ahead on Wednesday following a rally on Wall Street, while major
currencies entered a holiday lull and oil strove to sustain a modest
bounce from multi-year lows.
MSCI's
broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS
firmed 0.6 percent to the highest in almost two weeks. Australia's main
index rose 0.5 percent, while South Korea .KS11 added 0.3 percent.
For European markets, IG tipped an opening gain of 51 points for Britain's FTSE 100 .FTSE, 83 points for Germany's DAX .GDAXI and 35 points for France's CAC 40 .FCHI.
Already shallow liquidity was drained further by the absence of Tokyo for the Emperor's Birthday, while on Thursday a host of markets globally will be either shut or closing early.
The data cupboard was also bare for Asia, leaving investors waiting on a hefty helping of U.S. figures covering personal incomes and spending, inflation and durable goods orders.
Some of that came early as the Bureau of Economic Analysis inadvertently released figures on U.S. personal consumption. As it was, the monthly increase of 0.3 percent was in line with forecasts and had no obvious impact on markets in Asia.
Equity investors were encouraged by a second session of gains for Wall Street. The Dow .DJI ended Tuesday up almost 1 percent, while the S&P 500 .SPX rose 0.88 percent and the Nasdaq .IXIC 0.65 percent.
Economic data showed a slight downward revision in U.S. economic growth to an annualised 2.0 percent, but that still pipped forecasts and consumer demand held up well.
For European markets, IG tipped an opening gain of 51 points for Britain's FTSE 100 .FTSE, 83 points for Germany's DAX .GDAXI and 35 points for France's CAC 40 .FCHI.
Already shallow liquidity was drained further by the absence of Tokyo for the Emperor's Birthday, while on Thursday a host of markets globally will be either shut or closing early.
The data cupboard was also bare for Asia, leaving investors waiting on a hefty helping of U.S. figures covering personal incomes and spending, inflation and durable goods orders.
Some of that came early as the Bureau of Economic Analysis inadvertently released figures on U.S. personal consumption. As it was, the monthly increase of 0.3 percent was in line with forecasts and had no obvious impact on markets in Asia.
Equity investors were encouraged by a second session of gains for Wall Street. The Dow .DJI ended Tuesday up almost 1 percent, while the S&P 500 .SPX rose 0.88 percent and the Nasdaq .IXIC 0.65 percent.
Economic data showed a slight downward revision in U.S. economic growth to an annualised 2.0 percent, but that still pipped forecasts and consumer demand held up well.
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