Spreadex Market Update
Asian stocks continue to rise
One company being touted as a major benefactor of the stimulus changes are Toyota Motor Corp.
Analysts say a continued slide in the Japanese currency could tip the competitive balance on pricing back in favour of Toyota and away from its toughest and fastest-rising global competitor.
This comes amid caution as U.S. lawmakers prepare to resume negotiations to avoid a fiscal crunch by December 31.
European shares were seen returning from the Christmas holiday break in decline, however, a 0.1 percent gain in U.S. stock futures suggested a firm Wall Street start.
In a sign that there may be a way to break the deadlock in the U.S. Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff and offered to at least consider any bill the upper chamber produced.
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