Reuters
Asian shares rose on Thursday as the dollar wobbled ahead of U.S. non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.
The gains are likely to extend to European markets, with the pan-region Euro Stoxx 50 futures up 1.4% and FTSE futures 0.7% higher.
In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.7%, marking its third straight day of gains. It is up 4.5% for the week after a staggering 13% drop in September.
Japan’s Nikkei stock index (.N225)climbed 1.0% to its highest level since late September, driven by energy and chip-related stocks. South Korea (.KS11)advanced 1.5% while Australian shares (.AXJO) reversed losses to be up 0.1%.
Hong Kong’s Hang Seng index (.HSI) also trimmed earlier losses to be off 0.2% on the day. Mainland Chinese markets remain closed for holidays.
Offshore risk sentiment remained buoyant. The S&P 500 futures rose 0.5% and Nasdaq futures increased 0.7%, building on a late rebound in U.S. stocks which helped limit earlier losses…
