Asian stocks cheer BOE easing, NFP eyed

The sentiment around the Asian equities was more or less lifted, with the traders cheering more round of cheap money flooding the markets, after the BOE cut rates and expanding its bond-buying programme a day before.

Moreover, a rebound staged by oil prices coupled with yen’s relative weakness restored confidence back into the markets, and helped boost the resource, energy and exports-oriented stocks on the region’s indices. However, gains remains limited as markets turn cautious heading into the US payrolls data lined up for release in the American session, which is likely to spur massive volatility.

Meanwhile, the Japanese benchmark index, the Nikkei 225 rises +0.28% to 16,300. The Australian markets also follow higher, with the S&P/ASX 200 now trading +0.50% higher at 5,503 points.

The Chinese equities trade directionless, with the benchmark Shanghai Composite index muted around 2,990; the CSI300 index loses -0.10%. While Hong Kong markets jump 1.37%  to 22,140 levels.