NEW YORK: Asian equities retraced early losses and US equity-index futures climbed Friday (March 14) as signs the US will avoid a government shutdown injected a boost to sentiment.
Shares in Japan retraced early losses while those in Australia also climbed higher. Contracts for US equities advanced early Friday as a stopgap funding bill looked set to pass and avoid a US government shutdown. The S&P 500 dropped 1.4 per cent on Thursday to a six-month low, bringing its three-week rout past ten per cent - a correction in trader parlance. The Nasdaq 100, also in a correction, fell 1.9 per cent.
