Asian Shares Rise On Earnings For Wall Street, The Banks Euro

In this free press release Asian stocks rose Wednesday, on the basis of gains on Wall Street and hopes of strong earnings in the United States, while the euro climbed back to a maximum of one month beaten the previous day.

The euro has been hailed by optimistic data from Germany and central bank buying, despite doubts about Europe’s ability to reinforce a rescue fund king kept a lid on gains.

U.S. stocks shook off concerns about Apple Inc. (AAPL.O), which was beaten by the news of the sick, Steve Jobs, helped by strong results for iPhone and iPad manufacturer whose participation has increased more than 4 percent in electronic trading. Optimism gains helped boost stocks in the United States in recent weeks.

Raising hopes that the economy is number one in the world could return to the path of sustainable recovery and that Japanese companies will follow suit and show a recovery of benefits.Google (GOOG.O), the price target lifted its shares rose, reports later this week, and results of the heavy equipment manufacturer Caterpillar (CAT.N) is due next week.Earnings for the financial sector is also underway: Goldman Sachs Group Inc.

(GS.N) later in the day, Morgan Stanley (MS.N) on Thursday and Bank of America Corp. (BAC.N) on Friday . “Google reports after tomorrow, investors will turn their attention to companies including Tokyo,” said Hiroaki Osakabe, fund manager at Chibagin Asset Management. “Most of them should post strong earnings, the market will look for news on how they will continue this long-term performance.”

EURO ZONE DEBT:

Japan’s Nikkei average (. N225) rose 0.2 percent to 10,535.70, while the MSCI index of shares in Asia-Pacific excluding Japan (. MIAPJ0000PUS) rose 0.51 percent . (. T) Concerns about the debt problem euro zone are still there, but the improvement in mood in the wake of news that foreign buyers took about 80 percent of the Greek treasury bills auctioned Tuesday.

“Foreign demand is absorbing the pressure and I think this is a very important development. But there is just enough to keep the euro area”, said Robert Rennie, chief currency strategist in the West Bank. “The euro is a very well rehearsed $ 1.29 – $ 1.3450/3500 range I’d be surprised if we break out on top What you see is the positioning of washing back and forth … ”

After reaching the highest overnight $ 1.3467, the euro traded around $ 1.3424 last. Resistance at the upper end of a predominant number is expected to maintain the common currency ceiling for now. Futures U.S. crude extended falls on Wednesday, pressured by restarting the Trans-Alaska Pipeline and the International Agency said OPEC may be slightly increased production at prices of around $ 100. spot gold rose 0.4 percent to $ 1,373.3 an ounce of 0205 GMT, supported by stable physical demand in Asia and the strong euro.For more information free press release