Asia Stocks Gain on Abe as Yen to Gold Jump Amid Earnings

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 21-07-2013

Asian stocks advanced, with the regional benchmark snapping a three-day drop, after Japanese Prime Minister Shinzo Abe cemented control of the government in elections. The yen rose against its major peers and gold gained….

Abe’s Liberal Democratic Party and its coalition partner won a majority of upper house seats in the weekend vote, boosting his opportunities to stimulate the economy. Companies from Apple Inc. (AAPL) to Ford Motor Co. are set to post earnings in the U.S. this week, after more than 70 percent of S&P 500 members that have reported second-quarter results topped analyst estimates, data compiled by Bloomberg show.

Gold jumped to $1,316.20 an ounce today,…………..

Asia Stocks Gain on Abe as Yen to Gold Jump Amid Earnings – Bloomberg.