Thursday October 22, 11:58 PM
STOCKS NEWS ASIA-Shares to rise on strong U.S. earnings
WELLINGTON, Oct 23 (Reuters) - Asian stocks are set to gain
on Friday after a solid round of corporate results on Wall St
lifted hopes of a stabilisation in profitability.
The main U.S. share indices closed as much as 1.3 percent
higher, after earnings from heavyweights 3M Co, AT&T Inc and McDonald's Corp beat expectations.
Financials, retailers and home-builders all gained on
expectations the economic recovery would drive stronger corporate
earnings.
British and European shares closed 1 percent lower, on poor
results from Ericsson (Stockholm: ERIC-B.ST - news) and lower prices for metals and
oil.
Oil prices fell from a one-year high as a rise in U.S.
jobless claims spurred fears of a fall in demand.
Japanese shares are expected to rise on opening, with Nikkei (news)
futures traded in Chicago 85 points above the last
closing level in Osaka.
Australian stocks are also seen climbing, with share index
futures at 4,860, a 1 percent premium to the underlying
S&P/ASX 200 index's close on Thursday.
The U.S. dollar rose across the board as investors bet its
recent slide had been overdone.
HEADLINES:
> US cuts pay at bailed-out firms, some exceptions
> Amazon.com (NASDAQ: AMZN - news) beats Street, may see blow-out holiday
> American Express Q3 profit falls
> Wall St rises on strong earnings; financials lead
> US jobless claims, future gauge of economy rise
> Oil falls slightly, US jobless claims weigh
> Wal-Mart keeps conservative U.S. growth approach
> Microsoft (NASDAQ: MSFT - news) launches Windows 7, eyes PC sales
> U.S. FCC (Madrid: FCC.MC - news) commissioners support open Internet rule
> Moody's says US could lose Aaa (Xetra: 722800 - news) in 3 years
> Delta, US Airways results hampered by economy
> US urges Israel, Palestinians to step up peace bid
> Security (SECURITY.SN - news) big worry as Afghans gear up for run-off
--
KEY INDEXES pct change
Bank of New York Asia ADR index +0.51
Dow Jones Industrial Average +1.33
Nasdaq Composite Index +0.68
MSCI Asia Pacific ex-Japan -1.22
Nikkei futures in Chicago 10,355
Nikkei futures in Osaka 10,270
--
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -0.20
Siliconware -0.79
Infosys Tech 0.75
BHP Billiton (LSE: BLT.L - news) 0.76
Satyam -8.24
Top 5 performers: pct change
Chartered Semi 5.42
Kubota Corp (Frankfurt: 857751 - news) . 4.93
Genetic Tech 3.65
Novogen 3.15
Westpac Bank 2.88
Bottom 5 performers: pct change
Satyam -8.24
PT Indosat -3.70
Prana Biotech -2.96
Konami Corp. -2.68
Tata Motors -2.66
--
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - KDDI Corp H1 results
HONG KONG - China Construction Bank Corp Q3 results
AUSTRALIA - Woodside Petroleum Q3 production report
- Asciano Group annual meeting
TAIWAN - September export orders and industrial output
STH KOREA - Hynex Semiconductor Q3 results
- Hana Financial Group Q3 results
- Kia Motors Corp Q3 results
INDIA - Bharat Heavy Electricals Ltd
quarterly result
(Reporting by Adrian Bathgate)
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