Bloomberg (05/9) - Japanese shares rose, with the Topix index extending its longest winning streak in almost seven weeks, as the yen held declines against the dollar ahead of the Bank of Japan policy statement and amid optimism for the U.S. economy. The Topix advanced 0.6 percent to 1,162.99 as of 9 a.m. in Tokyo, with all but three of the 33 industry groups rising. The measure yesterday rose for a third straight day, the longest winning streak since July 18. The Nikkei 225 Stock Average climbed 0.6 percent to 14,134.47. Futures on the Standard & Poor�s 500 Index gained 0.1 percent. The measure added 0.8 percent yesterday. The Federal Reserve said yesterday that the U.S. economy continued to grow from early July through late August, even as borrowing costs increased. The central bank�s Beige Book survey of economic conditions in 12 Fed districts showed consumers spent more on travel and tourism, while manufacturing expanded �modestly.�
Posted on: Thu, 05 Sep 2013 00:20:57 +0000
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