| The Morgan Stanley Capital International Asia-Pacific Index added 0.9 per cent to 141.67 at 7:17 pm in Tokyo. The gauge yesterday dropped 2.5 per cent, the biggest loss since a sell-off that wiped about $3.3 trillion from the value of global stocks ended on March 5. |
| In Japan, the Nikkei Average rose to 16,860.39, while the broader Topix added 1.2 per cent. Gauges in other markets advanced, except those in the Philippines and Sri Lanka. |
| Toyota, the world's largest automaker by value, added 1.6 per cent to 7,660 yen. It generated more than a third of its 2006 revenue in North America. |
| Taiwan Semiconductor Manufacturing, the biggest maker of customised chips, rose 1.6 per cent to NT$69. Neptune Orient Lines Ltd, a Singapore shipping line and the biggest percentage loser on the Straits Times Index yesterday, rose 2.5 per cent to S$3.24. |
| Canon, the world's largest digital camera maker, rose 1.1 per cent to 6,210 yen. Sony Corp, the maker of the PlayStation 3 game console, rose 1.7 per cent to 5,960 yen. |
| US US stock and index futures rose on speculation a report on producer prices will show a gradual easing of price pressure, helping pave the way for the Federal Reserve to lower interest rates later this year. |
| Standard & Poor's 500 Index futures expiring in June added 2.2 to 1403.9 at 11:15 am in London. Dow Jones Industrial Average futures advanced 18 to 12,267, and Nasdaq-100 Index futures gained 4.5 to 1773. |
| US stocks yesterday rebounded after Lehman Brothers Holdings said bad loans won't curtail earnings, boosting shares of banks and homebuilders. Bear Stearns Cos, the fifth-biggest US securities firm by market value reports first-quarter earnings today. |
| Europe European stocks rallied for the first time in four days after takeovers accelerated and US financial companies offered reassurance a subprime loan crisis won't spread. |
| The Dow Jones Stoxx 600 Index climbed 1.4 per cent to 356.97 at 1:05 pm in London. The Stoxx 50 and Euro Stoxx 50, a measure for the 13 nations sharing the euro, gained 1.3 per cent. |
| Markets pared gains after a government report said prices paid to US producers rose more than forecast in February, boosted by higher costs for energy, cigarettes and toys. |
| US stocks rebounded after the close of trading hours in Europe as Lehman Brothers Holdings said bad home loans won't curtail earnings, helping erase a 136-point tumble in the Dow Jones Industrial Average. |
| National benchmarks gained in all 18 western European markets. The UK's FTSE 100 and Germany's DAX both advanced 1.5 per cent and France's CAC climbed 1 per cent. |
| Altadis soared 18 per cent to 46 euros, leading makers of personal and household goods higher. The Madrid-based maker of Cohiba cigars and Gauloises cigarettes said it received a takeover approach from Imperial worth 45 euros a share. |
| The Spanish company said its board will meet to consider the offer. Imperial shares jumped 8 per cent to 2,211 pence. |
| Cadbury Schweppes, the UK maker of Dairy Milk chocolate and Dr Pepper soda, said it will split into two businesses focusing on confectionery and beverages. The shares added 4 per cent to 626 pence after rising as much as 7.1 per cent. |
| Bayer added 2.7 per cent to 43.88 euros. Net income in the fourth quarter increased to 311 million euros ($411.2 million) from 46 million euros a year earlier. That beat the median estimate of 11 analysts Bloomberg News surveyed. |
| Prudential, Britain's No 2 insurer, rose 4.2 per cent to 670 pence. Prudential's operating profit under European Embedded Value rules, tracked more closely by analysts because it includes assumptions about investment returns, was 1.01 billion pounds ($1.9 billion), ahead of the 898 million-pound median estimate of 13 analysts surveyed by Bloomberg. |
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