Asian stock indexes rose after a rebound in U.S. shares as investors speculated Greece will reach a deal with its creditors. Japan’s benchmark gauge climbed as the yen declined against the dollar.
The MSCI Asia Pacific Index traded little changed at 150.23 as of 9:10 a.m. in Tokyo. The Standard & Poor’s 500 Index advanced 0.2 percent on Wednesday as Greek Prime Minister Alexis Tsipras pursued late-night talks with European officials in Brussels. Greece will near an agreement in the “next days,” Prime Minister Alexis Tsipras said, adding there was no need to worry about the first of four repayments due to the International Monetary Fund Friday.
Yields on 10-year Australian and New Zealand bonds climbed after Mario Draghi inflamed global bond losses, helping send 10-year German bund yields up another 17 basis points on Wednesday as the European Central Bank chief warned about ongoing volatility in the market and forecast faster inflation.
Source : Bloomberg