Possibility Productions

July 31, 2011, 10:42 PM EDT by Shiyin Chen and Rita Nazareth

(See EXT6 for a special report on the debt debate)

Aug. 1 (Bloomberg)–Asian stocks snapped a three day loss in the U.S. stock futures and oil rose after President Barack Obama, that said Congressional leaders to agree to increase America’s debt ceiling. The yen, Swiss franc and treasuries fell.MSCI Asia Pacific index grew by 1.5 percent as of 11:15 am in Tokyo, set for the biggest gain since June 29 standard & poor’s 500 futures advanced 1.5 percent, indicating the instrument will rebound from three straight monthly losses. The dollar rose by 1.2 per cent against the yen and 0.9 percent against the Swiss franc. Ten year Treasury bond yields jumped three basis points. Oil rose by 1.3 percent in New York, while gold fell from a record.Leaders of Republican and democratic parties have reached an agreement, which will “Reduce the deficit and avoiding standard,” Obama said in remarks at the White House.

The plan would $14.3 trillion debt ceiling of $2.1 trillion, enough, to the nation needs increase by 2013. “Shares rallied also after data showed China’s growth and analyst estimates exported South Korean beat and as companies including Mitsubishi UFJ Financial Group Inc. posted higher profits.”You go to pull a rabbit out of the hat, “, said Jeffrey Saut, chief investment strategist at Raymond James & associates in Saint Petersburg, Florida, in a telephone interview before Obama the comments. His company manages $ 275 billion. “The Word default to triggered used incorrectly the binary representation.” I don’t think that the United States in any way, shape or form on the standard. “The collateral damage would be calamitous.”US FuturesS & P 500 futures indicate that the device will last week 3.9 percent crisis, the worst weekly loss in more than a year of rebound. Dow Jones industrial average futures rose 173 or 1.4 percent to 12,261. The average fell 4.7 percent in the last six days. Yields on 10-year Treasuries rose to 2.82 per cent, as low as prepare 2.77% last Woche.Kongresses Guide to members the deal $917 billion in more than a decade of spending increase to reduce the debt limit by $900 billion and one to request the Special Committee, to sell trillion deficit savings by the end of the search for an another $1.5 to overthrow. You make an Aug. 2 period of the Genehmigung.

Senate majority leader Harry Reid approved the agreement between the Republican leaders and the Obama administration even as negotiators worked the final details. Senate Minority Leader Mitch McConnell said Senators tonight that by default the United States not on its obligations.Yen, Swiss FrancThe traded $ 77.67 Yen today by the 76.76 yen on 29 July in New York City and bought 79.32 Swiss centimes by 78,55 last week. Higher-yield currencies against the greenback, with the Australian dollar to 0.5 percent to $1.1053, and New Zealand’s increasingly 0.5 percent to cent 88.33 collected.South Korean won strengthened 0.5 percent to 1,049.20 per dollar, approaching a three year high. Showed economic reports today consumer prices grew by 4.7 per cent over the previous year, 27.3 per cent compared to the previous year has increased to 50,7 for July, compared last month while exports to 50,9 in June, formerly in July.

China of the purchasing manager index was said to 4.4 percent in June rose, the China Federation of logistics and purchasing in a statement today. The reading news beat every forecast in a survey of Bloomberg 13 economists. about 10 stocks rose for every dropped on MSCI Asia Pacific index, the gauge of a weekly loss of 1.6 percent help rebound. Japanese Nikkei 225 stock average increased 1.8 percent, during the South of Korea’s Kospi index and Australia’s S & P/ASX 200 index climbed 1.8 percent.

EarningsMitsubishi UFJ’s Japan’s biggest listed Bank 5.1 percent quarterly profit said at a data rate tripled. 257 Companies in the Asia-Pacific meter result from July 11 are reimbursed by the 9: 00 A.m. Tokyo time today had exceeded 115 analysts while 88 please was short, according to data from Bloomberg.HTC Corp. 1.1 per cent in Taipei to Asia’s second largest phone maker by market value forecast climbed sales third quarter, crowned in a Bloomberg survey to estimate the average analyst estimates. MacArthur coal Ltd. achieved 1.5 per cent say, that BidCo has pointed out that it intends, an offer for a controlling stake in the Australian Coal Produzenten.Die costs of assure Asia-Pacific corporate and Government bonds against non-payment took with the Markit index 50 investment grade borrowers outside Japan fall iTraxx Asia 2.5 basis points to 113.5 basis points, Credit Agricole CIB show prices. This will close the lowest since July 7, CMA map data be.

The Markit iTraxx Australia index deleted 4 basis points to 114.5 bps Nomura holdings, Inc. prices show during the Markit iTraxx index Japan 2 basis points to 117,5 BP fell by Citigroup Inc. prices show.Oil, GoldCrude for September increased delivery at $97 a barrel on the New York Mercantile Exchange, the lowest settlement recovers from a 4.2% jump last week, the prices, in about two weeks went. Brent oil jumped 1.3 percent to $118.29 a barrel on London’s ICE Futures Europe-Exchange.Gold for immediate delivery declined 1 percent to $1,611.65 an ounce after the all-time high of $1,632.80 an ounce on 29 July reach. Bullion Advanced 8.5 percent last month to ensure that sovereign can bring you the global recovery debt crises in the United States and Europe to derail. Cash silver fell 1.3% to $39.365.

Copper for delivery in three months as 0.7% to $9,894 per tonne on the London Metal Exchange won. A bushel on the Chicago Board outweighed the debt crises in the United States and Europe stocks, bonds and the dollar for the first time by Trade.Commodities in three months in July, as expectations that China’s booming economy caused demand for raw materials reached $9,895 per tonne on 29 July, the highest level since April 11 December delivery rose to 0.9 per cent to $7.22 a bushel and corn wheat increased 0.8% to $6.7425 hit the metal. S & the P GSCI total return index of 24 commodities won 2.4 percent, up to two months of losses.

-With the help of Julie Hirschfeld Davis and Heidi Przybyla in Washington DC, Glenys SIM, Masaki Kondo and Katrina Nicholas in Singapore and Yoshiaki Nohara in Tokyo. Publisher: Michael p. Regan, Nick gentle

The reporter on this story contact: Shiyin Chen in Singapore at schen37@bloomberg.net; Rita Nazareth in New York at rnazareth@bloomberg.net.

The editors responsible for this story contact: Nick Baker at nbaker7@bloomberg.net; Nick gentle to ngentle2@bloomberg.net.

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