Asia Stocks to Rise After US Brushes Off Hot PPI: Markets Wrap

Share It advanced ahead of a report expected to show a slowdown in U.S. inflation, which will help shape the outlook for the Federal Reserve's next steps. A measure by China's sovereign wealth fund to buy actions of the country's largest banks further fueled optimism.

MSCI Asian Equities index is headed for a sixth day of gains as equity benchmarks trade higher across the region. Futures European and U.S. stocks extended their gains after the S&P 500 rose for a fourth day on Wednesday, its longest winning streak since August following less hawkish comments from some U.S. policymakers.

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