Most Asian index futures rose as the Standard & Poor 500 Index held at a record while disappointing U.S. retail sales fueled an advance in Treasuries. The euro was near a five-week low versus the dollar as oil maintained gains before U.S. government supplies data.
Futures on indexes in Hong Kong added 0.2 percent in most recent trading, and Nikkei 225 Stock Average contracts rose in the Osaka pre-market. S&P 500 futures were little changed after the gauge closed up less than 0.1 percent at an all-time high. Ten-year Treasury yields fell five basis points. The euro bought $1.3706 by 8:24 a.m. in Tokyo after touching the weakest level since April 4. Oil in New York rose a second day on prospects stockpiles at Cushing, Oklahoma, fell last week.
Retail sales in the U.S. grew a less-than-projected 0.1 percent in April, stoking speculation that slower economic growth will keep a lid on inflation. South Korea��s jobless rate unexpectedly rose in April, while in Japan, Sony Corp. and the major banks are scheduled to report earnings. Bank of China Ltd. announced a plan to sell preferred shares in China and offshore. The U.K. also posts jobs data today, while Germany and France report on inflation. U.S. producer prices are due.
Copy Source: Bloomberg