Asian stocks rise on positive data from China and US

Source: Bloomberg
Asian shares advanced, with the regional benchmark index climbing to the highest in 18 months, as U.S. payrolls rose and China's service sector expanded at the quickest pace since August, increasing optimism in the world economic recovery. The MSCI Asia Pacific Index gained 0.9% to 133.90, Japan's Nikkei 225 Stock Average added 0.6% and Hong Kong's Hang Seng Index climbed 0.5%.
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Mon, 04 Feb 2013 11:22:03 GMT

Yuan falls to one-month low as central bank cuts reference rate

The Chinese Yuan fell to a one-month low as the nation's central bank cut the reference rate by 0.07% to 6.2860 per Dollar, increasing speculation policy makers protect the country's export versus a weak Yen. The Yuan declined 0.04% to 6.2294 per U.S. Dollar at 9:52 a.m. in Shanghai and touched 6.2304 per greenback, the lowest level since January 7. 

Mon, 04 Feb 2013 10:49:04 GMT

Sugar jumps as global output may decline

Rural commodities were mixed on Friday, with softs advancing and grains retreating. Supporting softs, global coffee and sugar crops may drop this year. At the same time, weak demand for US grains pushed wheat and corn futures lower. Wheat was the top-loser for the second consecutive session amid signs of weak demand for US grains. The USDA report showed

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