Asian index futures advanced with U.S. stocks, while the euro held gains versus major peers amid optimism the actions of Greece™s new government won™t force the nation™s exit from the currency bloc. Australian bonds fell.
Futures on Japan™s Nikkei 225 Stock Average climbed more than 1 percent in Osaka and Chicago, as contracts on indexes from Sydney to Seoul increased. The Standard & Poor™s 500 Index added 0.3 percent in New York, with trading volumes below average amid forecasts for a blizzard. The euro was steady after gaining at least 0.3 percent against the yen and the dollar Monday, while ruble forwards weakened after Standard & Poor™s cut Russia™s credit rating to junk. Ten-year Australian bond yields rose four basis points, pacing gains in Treasury rates.
European finance ministers have signaled their willingness to work with Greek Prime Minister-elect Alexis Tsipras, as long as the leader of the victorious Syriza Party drops his demand for a debt writedown. China will report on industrial company profits today, while Sri Lanka reviews interest rates and the Philippines posts trade data. The Federal Reserve starts a two-day meeting to review U.S. interest rates and monetary policy for the first time in 2015.
Source : Bloomberg