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STOCKS NEWS ASIA-Shares to climb on Wall St gains

Published: 05 Nov 2009 17:41:15 PST

(For the latest on global markets, click [MKTS/GLOB]) WELLINGTON, Nov 6 - Asian stocks are set to jump on Friday as a combination of strong company results and positive ecomomic data sent Wall St up.

The main U.S. share indices closed as much as 2.4 percent higher, boosted by strong results from Cisco Systems <CSCO.O> and positive data on jobless claims and non-farm productivity. [ID:nN05106320]

British and European shares closed up to 0.6 percent higher after the strong U.S. data, and the Bank of England and European Central Bank both left interest rates unchanged.

Japanese shares are expected to open firmer with Nikkei futures traded in Chicago <2NKc1> 170 points above the last closing level in Osaka <JNIc1>.

Australian stocks are also set to rise, with share index futures <YAPcm1> at 4,571, a 63 point premium to the underlying S&P/ASX 200 index's <.AXJO> close on Thursday.

The U.S. dollar rose slightly, as investors took positions ahead of the closely watched non-farm payrolls report, with the greenback 0.1 percent higher against the yen <JPY=>.

Oil prices <CLc1> dipped nearly 1 percent to below $80 a barrel as doubts about future demand outweighed the positive data.

HEADLINES: > Wall St jumps on economic data, Cisco [nN05141419] > US productivity surges, job growth should follow [nN05106320] > US Oct retail sales suggest tepid holiday season [nN04548927] > Top cenbanks yet to move for exit, some eye door [nL5394422] > IMS agrees to $4 bln deal, biggest LBO this year [nN05111965] > US insider trading probe widens, ensnares 14 more [nN05113614] > Starbucks beats view, raises target, shares up [nN05135925] > Boost for U.S. health reform before close vote [nN05122842] > Exxon-led group clinches Iraq's W.Qurna contract [nL5388274] > Major oil exporters eye Argus switch

[nN05126374] > Russia says GM pouring US scorn on Europe [nL5184270] --

KEY INDEXES pct change

Bank of New York Asia ADR index <.BKAS> +1.35

Dow Jones Industrial Average <.DJI> +2.08

Nasdaq Composite Index <.IXIC> +2.42

MSCI Asia Pacific ex-Japan <.MSCIAPJ> -2.22

Nikkei futures in Chicago <2NKc1> 9,870

Nikkei futures in Osaka <JNIc1> 9,700

ASIAN ADR ACTION:

5 most actively traded: pct change

TSMC <TSM.N><2330.TW> 1.14

UMC <UMC.N><2303.TW> 2.40