Wall Road rally, currencies and oil
SINGAPORE – Stocks in Japan looked positive on Friday after Wall Street’s overnight gains, with the S&P 500 rising nearly 2%.
The Japanese Nikkei futures contract in Chicago was at 28,815 while its Osaka counterpart was at 28,810. This is compared to the Nikkei 225’s last closing price at 28,550.93.
Australian stocks rose in morning trade while the S & P / ASX 200 climbed 0.82%.
Hong Kong stocks are set to return to trading on Friday after markets in the city closed for two days.
CNBC Pro’s Stock Picks and Investment Trends:
Overnight, the S&P 500 on Wall Street rose 1.71% to 4,428.26 – its biggest jump since March – as investors cheered better-than-expected earnings reports from big companies like Bank of America.
The Dow Jones Industrial Average rose 534.75 points to 34,912.56, while the Nasdaq Composite rose 1.73% to 14,823.43.
The US dollar index, which tracks the greenback versus a basket of its competitors, stood at 93.956 after weakening above 94.5 earlier this week.
The Japanese yen was trading at 113.75 per dollar, still weaker than the levels below 112.8 seen against the greenback earlier this week. The Australian dollar changed hands at $ 0.7418 after rising below $ 0.74 yesterday.