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Asia stocks to rise after earnings-led U.S. climb: markets wrap
Asian stocks look set to climb Thursday after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups. The dollar and Treasuries declined.
More than 85% of the S&P 500 firms reporting so far have beaten analysts predictions, according to data compiled by Bloomberg. U.S. earnings calls have also underlined the pick up in inflation, with many executives highlighting greater pricing power.
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