AFP, Hong Kong :
Most Asian markets climbed Monday as traders welcomed a better-than-expected jump in US growth and the first profits rise in Chinese industrial firms for seven months.
After the turmoil of January and February, investor confidence has been given a shot in the arm over the past month thanks to a string of central bank easing measures across the world and improving economic figures.
On Friday the US Commerce Department said the world’s number one economy grew 1.4 percent in the final three months of 2015, much faster than the 1.0 percent initially recorded.
The increase came on the back of a surge in consumer spending, which was also much stronger than first thought.
The news ramped up expectations that the Federal Reserve will announce another hike in interest rates, providing some support to the dollar against the yen and euro.
In early trade Monday the greenback bought 113.52 yen compared with 113.00 yen on Friday.
Most Asian markets climbed Monday as traders welcomed a better-than-expected jump in US growth and the first profits rise in Chinese industrial firms for seven months.
After the turmoil of January and February, investor confidence has been given a shot in the arm over the past month thanks to a string of central bank easing measures across the world and improving economic figures.
On Friday the US Commerce Department said the world’s number one economy grew 1.4 percent in the final three months of 2015, much faster than the 1.0 percent initially recorded.
The increase came on the back of a surge in consumer spending, which was also much stronger than first thought.
The news ramped up expectations that the Federal Reserve will announce another hike in interest rates, providing some support to the dollar against the yen and euro.
In early trade Monday the greenback bought 113.52 yen compared with 113.00 yen on Friday.
