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Japanese Stock Futures, Australian Shares Climb on U.S., Europe

Japanese stock futures and Australian stocks rose after U.S economic reports and speculation Europe’s debt crisis will be contained boosted confidence in a global recovery.

American depositary receipts of Toyota Motor Corp., the world’s biggest carmaker, gained 1.2 percent from the closing share price in Tokyo after reports showed U.S. payrolls and manufacturing climbed. Those of Sony Corp., the Japanese maker of Bravia televisions that gets 70 percent of its sales abroad, rose 1.8 percent. BHP Billiton Ltd., the world’s largest mining company and Australia’s No. 1 oil producer, advanced 2 percent in Sydney today as oil and metal prices increased.

“We are seeing promising signs in the economy and market sentiment is improving globally,” said Mitsushige Akino, who oversees about $450 million in assets in Tokyo at Ichiyoshi Investment Management Co. “Improving market sentiment should boost money flow into risk assets.”

Futures on Japan’s Nikkei 225 Stock Average expiring in December closed at 10,175 in Chicago yesterday, compared with 9,995 in Singapore. They were bid in the pre-market at 10,150 in Osaka, Japan, at 8:05 a.m. local time. Australia’s S&P/ASX 200 Index rose 1.1 percent today. New Zealand’s NZX 50 Index gained 0.3 percent in Wellington.

Futures on the Standard & Poor’s 500 Index were little changed today. The index surged yesterday in New York by 2.2 percent, the most since Sept. 1. A report from ADP Employer Services showed businesses added 93,000 workers to payrolls in November, more than the 70,000 expected by economists, based on the median of estimates compiled by Bloomberg.

Crisis Containment?

Also in the U.S., the Institute for Supply Management said its factory index, a gauge of manufacturing, was little changed at 56.6 last month after a five-month high of 56.9 in October. A reading higher than 50 signals growth.

The Stoxx Europe 600 Index jumped 2 percent yesterday, the most since Sept. 1, amid speculation European Central Bank policy makers may step up measures to contain the region’s government-debt crisis.

The MSCI Asia Pacific Index increased 7.8 percent this year through yesterday, compared with gains of 8.2 percent by the S&P 500 and 5.2 percent by the Stoxx 600. Stocks in the Asian benchmark are valued at 14.4 times estimated earnings on average, compared with 14.2 times for the S&P 500 and 11.9 times for the Stoxx 600.

Crude oil for January delivery jumped 3.1 percent to $86.75 a barrel in New York yesterday, the highest settlement price since Nov. 11. The London Metal Exchange Index of prices for six industrial metals including copper and aluminum climbed 2.6 percent yesterday, the most since Nov. 4.

The yen depreciated to 84.40 against the dollar last night in Tokyo, near the weakest level since Sept. 27. A weaker yen boosts the value of overseas income at Japanese companies when converted into their home currency.

Japan’s Finance Ministry is scheduled to report the nation’s capital spending in the three months ended Sept. 30 at 8:50 a.m. in Tokyo.

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