Oil, stocks poised to gain in Asia on economic growth hopes

Global stocks and crude prices were set to extend gains in Asia on Wednesday on confidence that government steps to restart economies will bring back growth and demand for oil.

Gains in Brent in early Asia trade could extend the global benchmark's string of gains to seven straight sessions while West Texas Intermediate rallied for the sixth consecutive session. The Dow Jones Industrial Average rose 0.56per cent, the S&P 500 gained 0.90per cent, and the Nasdaq Composite added 1.13per cent.

The yield on benchmark 10-year notes rose on Tuesday to 0.66per cent from 0.63per cent late on Monday.

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