Asian stocks gain as economic outlook on the U.S. improves

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Source: Bloomberg
© Scanpix/Reuters
Asian equities reached their biggest rise in two weeks after data showed U.S. employment and manufacturing improved. The MSCI Asia Pacific Index gained 0.8% and the Nikkei 225 Stock Average edged 1.2% higher. The gauge of MSCI index has rallied 13% since its lowest level in June on asset purchases the U.S. and Japan increased to revive their economies.

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Fri, 02 Nov 2012 10:12:10 GMT

The greenback appreciates against its major counterparts

The dollar gained against its major peers after U.S. unemployment data exceeded expectations and consumer confidence advanced showing a trend for global recovery. The greenback rallied 0.3% to 1.2901 per euro by 7:11 a.m. in London, while the weekly increase was also at 0.3%. The yen tumbled 0.2% against the dollar and stayed at 80.28.

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