Reiterating the ECB’s stance

“Although Draghi is just reiterating the ECB’s stance to support debt-burdened countries, the market is responding positively to his remarks,” said Kiyoshi Ishigane, a Tokyo- based strategist at Mitsubishi UFJ Asset Management Co., which oversees about $70 billion. “The U.S. data shows the economy is on more solid ground, with factory orders beating estimates. Even though the U.S. economy isn’t recovering across the board, more investors are optimistic.”

A government report today is expected to show the world’s biggest economy created 115,000 jobs last month and the unemployment rate rose to 8.2 percent from 8.1 percent, economists estimated. The Federal Reserve in September pledged to buy mortgage-backed securities until the U.S. labor market recovers.

http://www.bloomberg.com/news/2012-10-05/japan-stocks-rise-on-ecb-bond-pledge-u-s-economic-data.html