Asia stocks up as US jobless claims fall sharply

Associated Press Modified: October 11, 2012 at 10:17 pm •  Published: October 11, 2012

Spain has not applied; instead, the government has introduced a series of austerity measures in a bid to bring down its deficit and convince investors it can manage its finances without outside help.

"For the day ahead, attention will likely shift to the US earnings reports, with JP Morgan and Wells Fargo in focus while uncertainty about the Spanish bailout will remain as a significant downside risk in the eurozone, leaving sentiment cautious," analysts at Credit Agricole CIB in Hong Kong said in a market commentary.

On Wall Street, the Dow Jones industrial average fell 0.1 percent to 13,326.39. The Standard & Poor's 500 rose marginally to 1,432.84. The Nasdaq composite index fell 0.1 percent to 3,049.41.

Benchmark oil for November delivery was up 34 cents to $92.41 per barrel in electronic trading on the New York Mercantile Exchange.

In currency trading, the euro rose to $1.2939 from $1.2934 late Thursday in New York. The dollar rose to 78.43 yen from 78.31 yen.


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