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Asia stocks up 4th day, eyes on US stimulus
Asia stocks
rose for a fourth day on Friday, with investors awaiting a vote on a massive US stimulus package, while the dollar was
steady ahead of US employment data likely to reflect a deep recession.

Most other currencies and US Treasuries remained in narrow trading ranges, with the market`s attention focussed on the fate of stimulus measures and a "bad bank" scheme to separate the toxic assets plaguing financial institutions, which is expected to be announced next week.

The overwhelmingly clear direction of economic data in most countries has pointed to weakness but investors would like to see the size and scope of the next US stimulus effort to determine how quickly a recovery could take shape. The US Senate is debating a $920 billion plan but it could shrink before being passed.
  
Posted By     vikram09.44

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