A rise in the Japanese and Australian stock futures characterize both economies as U.S. housing starts to upsurge and earnings of companies beat estimates.

These incidents in U.S. signal that the world’s biggest economy is now recovering.

The world’s biggest camera manufacturer, Canon, emerged with a 0.7 percent from the closing share price yesterday in Tokyo Inc. according to American Depositary Receipts (ADR).

The share price of Advantest which is Japan’s largest manufacturer of chip-testing equipment, gained 0.9 percent after Intel Corp’s forecast that its quarterly sales may top estimates.

Australia’s second biggest oil producer, Woodside Petroleum Ltd, experienced a 0.5 percent rise in Sydney as crude prices gained.

Futures on Japan’s Nikkei 225 Stock Average closed at 9,495 in Chicago yesterday, compared with 9,440 in Osaka, Japan while deals on Australia’s S&P/ASX 200 Index rose 0.7 percent today.

Hiroichi Nishi, SMBC Nikko Securities Inc. equities manager said, “You’re seeing signs the U.S. and Europe are still on track for recovery.”

Standard & Poor’s 500 Index rose 1.1 percent today, while the same index advanced 0.6 percent in New York yesterday, after a reported 7.2 percent increase in the housing starts was declared by the Commerce Department.

According to Bloomberg News, work began on 549,000 homes. This exceeded the 520,000 median forecast from a survey made by economists.
U.S. and European companies also accounted results that beat projections which heightens confidence among nations in the global recovery.

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