Japanese and Australian index futures climbed with U.S. stocks, as the Standard & Poor��s 500 Index set a fresh record before the European Central Bank meets to review interest rates and ahead of American payrolls data. The yen traded near a one-month low while oil retreated.
Nikkei 225 Stock Average futures gained 0.7 percent in Osaka and Chicago, while contracts on the S&P/ASX 200 Index in Sydney added 0.2 percent. S&P 500 futures were little changed as of 7:16 a.m. in Tokyo, after the gauge climbed 0.2 percent to 1,927.88. The yen was at 102.71 per dollar after weakening for three days. NQ Mobile Inc. surged in New York after an internal probe found no evidence of fraud at the Beijing-based company. Oil in New York fell 0.3 percent after U.S. supplies data.
The ECB may become the first major central bank to take interest rates negative today as President Mario Draghi seeks to ward off deflation in the euro area. Data yesterday showed growth in the 18-nation region slowed in the first quarter. Service industries in the U.S. expanded at the fastest pace in nine months in May, while a private report showed employment rose less than economists projected, before the government payrolls figures tomorrow. A China service sector gauge is due today.
Source : Bloomberg