Asian stocks rise on upbeat data, Fed hawks lift dollar

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite. The dollar hovered near its highest this week after Federal Reserve officials continued to stress that policy tightening is far from over. However, Treasury yields remained down from two-week highs as investors stayed sidelined ahead of employment data this week that will guide the path of interest rates. Crude oil prices stabilised after sliding to an almost six-month low overnight as U.S. data sho…

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