Asia Stocks, Copper Rise on Japan GDP, Europe Leadership Changes
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Asian stocks rose the most in a week and copper climbed after Japan’s economy grew for the first time in a year and the appointment of new governments in Greece and Italy damped concern Europe’s debt crisis will worsen.
The MSCI Asia Pacific Index climbed 1.3 percent as of 2:57 p.m. in Tokyo, after losing 2.4 percent last week. Standard & Poor’s 500 Index futures increased 0.4 percent. The Nikkei 225 Stock Average gained 1.2 percent, poised for the biggest advance in a week. Copper rose as much as 3.9 percent. The euro was little changed at $1.3751. Treasuries retreated after the U.S. bond market was closed on Nov. 11 for a holiday.