SYDNEY (Reuters) – Asian shares rose on Friday for the second session as economic news from China and Japan exceeded all expectations and investors marveled at the meteoric rise of Bitcoin, the new crypto-star market .
Beijing reported that exports increased 12.3 percent in November compared to the previous year, more more than double the forecast, while imports increased almost 18 percent.
Imports of iron ore and copper enjoyed a stellar rebound, which could help curb a recent decline in commodity prices.
Japan's Nikkei .N225 led the way as the yen eased against the dollar, rising 1.1 percent above the 1.45 percent bounce on Thursday, almost back to the start of the week .
The revised data showed that Japan's economy grew twice as fast as initially thought, as business spending grew.
Australian equities gained 0.3 percent, while MSCI's broader index of Asia and the Pacific shares out of Japan .MIAPJ0000PUS rose 0.7 percent.
Bidders were encouraged by a more stable performance on Wall Street, where the Dow. DJI rose 0.29 percent. The S & P 500 .SPX gained 0.29 percent and the Nasdaq .IXIC 0.54 percent.
The non-agricultural payroll of the USA is still to come UU., With investors looking for 200,000 new jobs in November and much of the salaries in the talks could show some strength.
Also on the radar are negotiations between the United Kingdom and Ireland on how to manage their land border post-Brexit. It was reported that the British Prime Minister, Theresa May, would meet with the European Union's chief executive, Jean-Claude Juncker, in Brussels early on Friday. [L8N1O80BZ]
Speculation about an agreement saw a rebound of the pound sterling to $ 1.3492 GBP =, having been as low as $ 1.3320 at one point on Thursday. [USD/]
It was one of the few currencies to win with the US dollar, which otherwise was much firmer.
The currency of the United States dispatched 113.00 yen to reach 113.34 JPY =, while the euro touched a minimum of two weeks at $ 1.1763 EUR =. Against a basket of currencies, the dollar remained firm at 93,848 .DXY.
Bitcoin BTC = BTSP exceeded $ 16,666 in the Bitstamp exchange that doubled its value in just two weeks. Other exchanges quoted prices as high as $ 22,000, intensifying the debate on whether it is a bubble about to explode.
It was quoted for the last time at $ 15,120 in a very hectic trade.
The largest cryptocurrency exchange in the US UU It has been struggling to manage record traffic, with an imminent release of the first bitcoin futures contract that further fuels investor interest.
Some, however, warned that the arrival of futures could be the fall of the digital favorite.
"Dragging bitcoin into the futures market raises the risk that big players open doors to the hell of short sales," said Naeem Aslam, chief market analyst at Think Markets UK.
"The futures markets allow to reach a decent size with a lot of liquidity, which affects the discovery of prices in the underlying asset market".
The spectacular increase of the cryptocurrency has stolen a little the thunder of the bulls of gold, providing an asset that is also seen as a protection against inflation and government interference.
Gold stabilized at $ 1,258.10 XAU =, after having breached its narrow recent trading range to reach a four-month low at $ 1,245.60.
"The demand for gold in relation to supply has taken centuries to reach a balance," said Alan Ruskin, macro strategist at Deutsche Bank. "The global demand for Bitcoin continues to find its place in relation to the restricted / inelastic supply."
Oil prices had gone in the opposite direction as a threat of strike by oil workers in Nigeria forced a short coverage.
Brent LCOc1 futures barely changed to $ 62.19 a barrel, after rising 98 cents during the night. US crude CLc1 dropped 4 cents to $ 56.65. [O/R]
Report by Wayne Cole; Edition by Sam Holmes and Eric Meijer