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Asian shares climb on strong manufacturing reports

Asian markets enjoyed a healthy rally on Wednesday following positive manufacturing data from the United States and Europe, while Tokyo was also boosted as the dollar pushed towards the 104-yen level. Traders were given a strong lead from New York, where the S&P 500 closed at another record high, while attention turns to the release Friday of a closely watched US jobs report.

European stocks rise further

European stock indices rose for a second day running on Wednesday after strong performances in Asia and Wall Street, while focus was on also the copper market after Chile's earthquake. London's benchmark FTSE 100 index advanced 0.21 percent to stand at 6,666.38 points in late morning deals. The DAX 30 in Frankfurt gained 0.32 percent to 9,634.26 points and in Paris, the CAC 40 edged up 0.09 percent to 4,430.76 points compared with Tuesday's closing values.

Asian shares climb on strong manufacturing reports

Asian markets enjoyed a healthy rally on Wednesday following positive manufacturing data from the United States and Europe, while Tokyo was also boosted as the dollar pushed towards the 104-yen level. Traders were given a strong lead from New York, where the S&P 500 closed at another record high, while attention turns to the release Friday of a closely watched US jobs report.

Asian shares climb on strong manufacturing reports

Asian markets enjoyed a healthy rally on Wednesday following positive manufacturing data from the United States and Europe, while Tokyo was also boosted as the dollar pushed towards the 104-yen level. Traders were given a strong lead from New York, where the S&P 500 closed at another record high, while attention turns to the release Friday of a closely watched US jobs report.

Dollar up in Asia on manufacturing data

The dollar extended its gains against the yen in Asia Wednesday after upbeat manufacturing data from the United States and Europe boosted sentiment ahead of key US jobs figures this week. In Tokyo afternoon trading, the greenback fetched 103.76 yen, up from 103.66 yen in New York Tuesday. "If the (jobs data on Friday) beat the market forecast, the dollar may start rising toward 105 yen," said Masafumi Yamamoto, chief strategist at Praevidentia Strategy. The euro rose to 143.26 yen from 142.98 yen, while also edged up to $1.3805 from $1.3793.

Asian shares climb on strong manufacturing reports

Asian markets enjoyed a healthy rally on Wednesday following positive manufacturing data from the United States and Europe, while Tokyo was also boosted as the dollar pushed towards the 104-yen level. Traders were given a strong lead from New York, where the S&P 500 closed at another record high, while attention turns to the release later in the week of a closely watched US jobs report. Tokyo climbed 1.48 percent by the break, Hong Kong added 0.15 percent, Sydney was up 0.12 percent, Shanghai was 0.42 percent higher and Seoul put on 0.24 percent.

Investors scoop up new U.S. platinum coins as gold slumps

By Frank Tang NEW YORK (Reuters) - U.S. retail investors have raced to scoop up the government's newly launched platinum coins, data shows, as industrial metals prices outperformed bullion, a long-time favorite among collectors. In the first three weeks since relaunching the American Eagle platinum coins on March 10, the U.S. Mint sold some 10,000 ounces, data showed. In March, platinum prices rose almost 1 percent, sharply outperforming gold's 3 percent fall.

Canadian dollar extends small gains after US Fed Reserve comment

TORONTO - The Canadian dollar extended its gains on Tuesday morning for a second day after the U.S. Federal Reserve offered reassurance that interest rates would stay low. The loonie was up 0.12 of a cent at 90.56 shortly before North American stock markets opened. Markets reacted positively on Monday to comments from Federal Reserve chairwoman Janet Yellen, who said she thinks the struggling U.S. job market will continue to need the help of low interest rates "for some time."

Asian shares mixed following China, Japan data

Asian markets were mixed Tuesday as official data showed a slight pick-up in Chinese manufacturing while a closely watched survey showed Japanese business confidence at a more than six-year high. Sentiment was also buoyed by comments from the head of the US Federal Reserve underlining its commitment to monetary easing, while tensions in Ukraine eased as Russia partially withdrew troops from its border.

Dollar steady in Asia ahead of jobs data

The dollar held steady in Asia Tuesday as investors await the release of US jobs data later in the week, while they largely ignored a Bank of Japan survey that showed business confidence at a more than six-year high. In afternoon Tokyo trade, the dollar crept up to 103.26 yen from 103.22 yen in New York on Monday. The euro bought $1.3776 and 142.25 yen, compared with $1.3772 and 142.15 yen. The BoJ Tankan survey for January-March hit its highest level since December 2007, pointing to a pick-up in confidence in corporate Japan along with the economy.
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