Investing.com - Investors bought Asian stocks on corporate news such as earnings reports, as the market brushed aside its Greek default fears Tuesday morning to await for more definitive signals to indicate Europe's direction and drifted upward.
During early Asian trading on Tuesday, Hong Kong's Hang Seng Index was up 0.88%, Australia's S&P/ASX200 was up 0.11%, while Japan’s Nikkei 225 Index was up 0.26%.
In Europe, Greece and private creditors are hammering out terms to restructure debts while in Brussels, a summit kicked off to discuss ways to firewall and extinguish the crisis.
Since neither event gave investors a reason to panic or rejoice, the market drifted upward in more easygoing trading.
The market took higher-than-expected Japanese unemployment figures in stride, knowing ahead of time that the 2011 earthquake would dampen the labor market through today.
Meanwhile, Japanese household spending and industrial production figures came in better than expected.
In Hong Kong, the top gainers included Tencent, up 2.44%, Wharf Holdings, up 2.18%, and Cheung Kong, up 2.14%.
In Australia, the top gainers included Gunns Limited, up 40.00%, JB Hi-Fi, up 5.16%, and Mesoblast, up 4.48%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.10%, while Germany ’s DAX 30 futures signaled a gain of 0.06%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.16%.
Dow Jones Industrial Average futures were up 0.21% while the S&P 500 futures were up 0.20%.
Later Tuesday, Japan will unveil housing starts figures, while in Australia, home sales data will emerge.
Switzerland will release a report by UBS on its consumptions indicator, a combined reading of five economic indicators.
Germany will unveil official data on retail sales as well as data on employment changes.
Meanwhile, the eurozone will release its latest unemployment rates as well.
The U.S. is to produce government data on employment cost inflation, a key gauge of consumer inflation, followed by industry data on house price inflation and the purchasing managers’ index in Chicago. The country is also to release data on consumer confidence.
Also in the U.S., the S&P/Case-Shiller House Price Index will release as well.
During early Asian trading on Tuesday, Hong Kong's Hang Seng Index was up 0.88%, Australia's S&P/ASX200 was up 0.11%, while Japan’s Nikkei 225 Index was up 0.26%.
In Europe, Greece and private creditors are hammering out terms to restructure debts while in Brussels, a summit kicked off to discuss ways to firewall and extinguish the crisis.
Since neither event gave investors a reason to panic or rejoice, the market drifted upward in more easygoing trading.
The market took higher-than-expected Japanese unemployment figures in stride, knowing ahead of time that the 2011 earthquake would dampen the labor market through today.
Meanwhile, Japanese household spending and industrial production figures came in better than expected.
In Hong Kong, the top gainers included Tencent, up 2.44%, Wharf Holdings, up 2.18%, and Cheung Kong, up 2.14%.
In Australia, the top gainers included Gunns Limited, up 40.00%, JB Hi-Fi, up 5.16%, and Mesoblast, up 4.48%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.10%, while Germany ’s DAX 30 futures signaled a gain of 0.06%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.16%.
Dow Jones Industrial Average futures were up 0.21% while the S&P 500 futures were up 0.20%.
Later Tuesday, Japan will unveil housing starts figures, while in Australia, home sales data will emerge.
Switzerland will release a report by UBS on its consumptions indicator, a combined reading of five economic indicators.
Germany will unveil official data on retail sales as well as data on employment changes.
Meanwhile, the eurozone will release its latest unemployment rates as well.
The U.S. is to produce government data on employment cost inflation, a key gauge of consumer inflation, followed by industry data on house price inflation and the purchasing managers’ index in Chicago. The country is also to release data on consumer confidence.
Also in the U.S., the S&P/Case-Shiller House Price Index will release as well.