Asian Equities Higher Following U.S. Lead

Asian equities followed Wall Street higher on Friday, but apprehension about Greece’s bailout program may cap gains.

Major U.S. indices rallied 1 percent on Thursday ahead of Friday’s non-farm payrolls report. The data is expected to show the creation of 234,000 jobs in January, according to a Reuters survey of economists, versus 252,000 jobs in December.

Sentiment also improved as oil prices extended gains in Asia; U.S. crude traded above $50 a barrel after rallying 5 percent overnight.  Worries about Athens remain after the finance ministers of Germany and Greece openly clashed during a press conference in Berlin, failing to reach any deal to resolve the latter’s financial crisis.


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