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Asian shares firm as China, U.S. data brighten outlook

From reuters.com

Asian shares clambered to a 16-month high on Monday as investors took heart from economic data from China and the United States that raised hopes about the outlook for growth in the world's top two economies. The euro was under pressure, having been knocked by the prospect of a recession in Germany and political uncertainty in Italy after Prime Minister Mario Monti, an investors' favorite, said at the weekend he intended to resign early. MSCI's broadest index of Asia Pacific shares outside Japan .MIAPJ0000PUS and Tokyo's Nikkei share average .N225 both gained 0.3 percent. .T The MSCI index rose more than 1 percent ... (full story)

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