YEREVAN, January 15. /ARKA/. Asian markets look set to gain on Wednesday as surprising strength in U.S. consumer spending reassured investors the world’s largest economy was still on track for growth, lifting the dollar and Wall Street.
A pullback in the yen will be particularly welcomed by Japanese shares .N225, which suffered their sharpest daily drop in five months on Tuesday. Nikkei futures were pointing to a sizable bounce at the open.
Australia made the early running with a bounce of 0.7 percent .AXJO, having also fallen sharply on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was slowly inching higher. –0–
