Index Topix Japan Advances Eighth Day as Chinese Data Boost OptimismJapanese shares rose, with the Topix index heading for an 11-day advance, after the yen weakened for a third day yesterday and amid better-than-forecast data on U.S. service industries.

The Topix added 0.2 percent to 1,235.95 as of 9:01 a.m. in Tokyo, with almost two shares rising for each that fell. The measure is poised to extend its longest stretch of gains since August 2009.

The Nikkei 225 Stock Average climbed 0.3 percent to 15,110.88. The yen rose 0.1 percent to 102.65 per dollar after sliding 0.2 percent yesterday for a third day of declines.

Futures on the Standard & Poor��s 500 Index were little changed today after the measure rose to a record again yesterday. U.S. service industries expanded in May at the fastest pace in nine months as orders picked up, according to the Institute for Supply Management��s non-manufacturing index.

Labor Department data on U.S. employment tomorrow may show private payrolls, which exclude government agencies, increased 210,000 in May after a 273,000 gain in the month prior, according to the median estimate in a Bloomberg survey.

Investors are also watching data from Europe before a meeting of central bank policy makers. Euro-area economic growth slowed in the first quarter, while a separate report showed services expanded last month at the strongest pace in three years.

Source : Bloomberg