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Asia stocks up as US jobless data fuels optimism

6:16 AM, Mar 15, 2013   |    comments
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BANGKOK (AP) - Investor optimism about the economy pushed Asian stock markets higher today after Wall Street logged more gains and the U.S. job market showed further signs of strengthening.

Fewer Americans sought unemployment aid last week, reducing the average number of weekly applications last month to a five-year low.

The drop helped propel the Dow Jones industrial average to its tenth straight sessions of gains. That hasn't happened since 1996.

An analyst in Hong Kong says U.S. industrial production figures and other data to be released later today are expected to show additional signs of recovery in the world's No. 1 economy.

Benchmark crude oil rose to remain above $93 per barrel. The dollar gained against the yen but fell against the euro.







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