NEW YORK, April 21 |
NEW YORK, April 21 (Reuters) – New York-traded shares of
Japanese manufacturers rose on Thursday, supported by solid
earnings from Apple Inc (AAPL.O) and upbeat outlook from other
major U.S. manufacturing companies.
Bellwether Toyota Motor Corp (TM.N) shares were up 0.7
percent at $77.79 and Honda Motor (HMC.N) rose 0.5 percent to
$37.25.
Overall, Asian stocks jumped to a 3-year high on Thursday,
as investors scrambled to get in front of upward momentum in
higher-yielding assets, particularly in emerging markets.
The BNY Mellon index of leading Asian ADRs .BKAS gained
0.3 percent.
Apple Inc (AAPL.O) posted results that smashed Wall
Street’s expectations, joining Intel, United Technologies and
other names that have increased the perception of a healthy
corporate America.
The BNY Mellon index of leading European ADRs .BKEUR was
up 0.3 percent. European bank stocks traded in the U.S. were
higher following quarterly results from Morgan Stanley
(MS.N).
Morgan Stanley’s first-quarter profit fell nearly 50
percent, but the results were better than many analysts had
forecast, thanks to stronger-than-expected fixed-income
trading revenue.
U.S.-listed shares of HSBC (HBC.N) rose 1.6 percent to
$54.35. UBS AG (UBS.N) gained 1.2 percent to $18.70.
Receipts with the BNY Mellon index of leading Latin
American ADRs .BKLA gained 0.6 percent.
The BNY Mellon index of leading American Depositary
Receipts (ADRs) .BKADR was up 0.3 percent while the U.S.
benchmark SP 500 index .SPX rose 0.4 percent.
(Reporting by Angela Moon; Editing by Jan Paschal)