Asian Equities Higher on Iraq and Ukraine

Asian stocks rose with U.S. index futures, pushing the regional equity gauge toward its longest rally since April as Kurdish troops reclaimed ground from insurgents in Iraq and Ukraine and Russia met for talks. Crude oil slipped with gold as U.S. Treasuries retreated.

The MSCI Asia Pacific Index climbed 0.1 percent by 9:57 a.m. in Tokyo, rising a sixth straight day as stock measures in Australia and South Korea (KOSPI) added at least 0.1 percent. Standard & Poor’s 500 Index futures jumped 0.3 percent, while Brent crude dropped 0.6 percent and gold fell a second day. Ten-year Treasury yields rose two basis points to 2.36 percent after sliding eight basis points last week. The pound gained after the Bank of England chief spoke about the interest-rate outlook.

The foreign ministers of Ukraine and Russia began talks in Berlin as European leaders push for an end to their conflict, while in Iraq, Kurdish forces took control of most of the country’s largest dam, reversing some gains made by militants in the north. China posts property prices today and Thailand reports second-quarter gross domestic product. Euro region trade data is due, before an update on U.S. inflation tomorrow and the release of Federal Reserve meeting minutes later this week.


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