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Asia stocks rise after US durable goods falls

6:19 AM, Apr 25, 2013   |    comments
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BANGKOK (AP) - Asian stocks rose today as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would continue efforts to help the global economic recovery.

One analyst says the data reinforced concerns of an economic slowdown. However, he said that markets were thrust higher by hopes that the U.S. Federal Reserve and other central banks would continue to pursue policies to encourage growth.

Benchmark crude oil rose to near $92 per barrel. The dollar fell against the euro and the yen.

 

 

 

 

 

Associated Press

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