Investing.com - Asian stocks rose on Monday on reports Greece's pro-bailout political party is gaining grounds in the polls ahead of June 17 parliamentary elections, easing fears the country may be headed for the exit door of the currency zone.
During Asian trading on Monday, Hong Kong's Hang Seng Index was up 0.16%, Australia's S&P/ASX200 was up 0.66%, while Japan’s Nikkei 225 Index was up 0.08%.
Conservative Greek political party New Democracy has been rising in the polls, a sign Greeks want to stick with the euro.
Previous expectations that the leftist Syriza party would do well in June 17 parliamentary elections and reject bailout terms have rattled world stock markets.
Japanese stocks were choppy, rising and falling on various corporate news, including from chipmaker Renesas, which will carry out a JPY100 billion restructuring to get its business going again.
Still, optimism that Greece may avoid a messy exit from the eurozone sent stocks higher early in the session.
In Hong Kong, the top gainers included CITIC Pacific, up 2.79%, China Overseas, up 2.09%, and Esprit Holdings, up 1.71%.
In Australia, the top gainers included art Energy, up 15.43%, Linc Energy, up 13.11%, and Lynas Corp., up 8.38%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.70%, while Germany's DAX 30 futures signaled a gain of 0.87%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.54%.
Dow Jones Industrial Average futures were up 0.55% while the S&P 500 futures were up 0.77%.
In Japan, household spending, unemployment and retail sales figures are due out later.
On Tuesday, The U.S. Conference Board's consumer confidence index will hit the wire, while in Europe, German inflation data and Spanish retails sales figures will publish as well.
Markets will keep an eye down the road to Friday's U.S. jobs report.
During Asian trading on Monday, Hong Kong's Hang Seng Index was up 0.16%, Australia's S&P/ASX200 was up 0.66%, while Japan’s Nikkei 225 Index was up 0.08%.
Conservative Greek political party New Democracy has been rising in the polls, a sign Greeks want to stick with the euro.
Previous expectations that the leftist Syriza party would do well in June 17 parliamentary elections and reject bailout terms have rattled world stock markets.
Japanese stocks were choppy, rising and falling on various corporate news, including from chipmaker Renesas, which will carry out a JPY100 billion restructuring to get its business going again.
Still, optimism that Greece may avoid a messy exit from the eurozone sent stocks higher early in the session.
In Hong Kong, the top gainers included CITIC Pacific, up 2.79%, China Overseas, up 2.09%, and Esprit Holdings, up 1.71%.
In Australia, the top gainers included art Energy, up 15.43%, Linc Energy, up 13.11%, and Lynas Corp., up 8.38%.
European stock futures indicated a higher opening.
France's CAC 40 futures pointed to a gain of 0.70%, while Germany's DAX 30 futures signaled a gain of 0.87%. Meanwhile, in the U.K., the FTSE 100 futures indicated a gain of 0.54%.
Dow Jones Industrial Average futures were up 0.55% while the S&P 500 futures were up 0.77%.
In Japan, household spending, unemployment and retail sales figures are due out later.
On Tuesday, The U.S. Conference Board's consumer confidence index will hit the wire, while in Europe, German inflation data and Spanish retails sales figures will publish as well.
Markets will keep an eye down the road to Friday's U.S. jobs report.