Bloomberg: Asia Stocks Rise With Gold Before Homes Data as Yen Gains

European stocks fluctuated while Asian shares and gold advanced amid speculation U.S. housing data and company earnings will show the world’s largest economy is gaining momentum. The yen climbed after Japan’s ruling party failed to win an independent majority in elections.

The MSCI Asia Pacific Index climbed 0.5 percent at 8:13 a.m. in London. The Stoxx Europe 600 index lost 0.1 percent while the Standard & Poor’s 500 Index was little changed after the gauge closed at a record July 19. The yen jumped 0.7 percent against the dollar and Australia’s dollar added 0.5 percent, while two-year Treasury yields slid. Gold rose 1.7 percent and copper climbed 1 percent.

Read more...

Join Amazon Prime - Watch Over 40,000 Movies