Asian stock markets broadly rose Wednesday on encouraging economic data and an impending press conference by U. President-elect Donald Trump, which traders hoped may contain details of his stimulus program. The composition, the time and potentially the size of his planned fiscal spending.

That will have an impact on what the [U. Federal Reserve] is going to do.

The press conference is scheduled for later in the global trading day. Data arrived Tuesday that small-business optimism in the U. Elsewhere, Australian job vacancies rose 2.

Trump indicate during his press conference that he wants more foreign companies to invest in the U.

Why the stock market doesn’t mind Trump’s lack of stimulus specifics - MarketWatch

This would flag a shift in posture, away from protectionist measures and toward a pro-investment stance that may be good for Japan Inc. In Japan, Toshiba , Commodities stocks were leading the Australian market, said Michael McCarthy, chief market strategist at CMC Markets.

Stocks globally were gaining on an improved global outlook, he said. BHP Billiton BHP, The rise in Chinese producer prices bodes well for Australia.

Stock market sets record after Fed keeps stimulus

Amid broad gains in the region, Chinese stock fell notably amid some apparent profit-taking. Looking ahead, traders await the arrival of earnings season in the U. S, which kicks off Friday. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy.

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IMF: Trump stimulus set to boost U.S. growth - Jan. 16,

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