Asian Stocks Rise Third Week Amid Recovery Signs in China, U.S. – Bloomberg 12-07-12

Salient to Investors:

Shane Oliver at AMP Capital Investors said economic data looks OK and has been supporting the share market, but we will have to see a resolution of the fiscal cliff for the rally to continue.

The MXAP trades at 14.2 x estimated earnings versus 13.6 x for the S&P 500 and 12.6 x for the Stoxx Europe 600 .

Tim Leung at IG Investment said urbanization is not new, but people will probably be focusing on that trend. Leung sees much benefit from urbanization, like infrastructure spending.

Read the full article at http://www.bloomberg.com/news/2012-12-08/asian-stocks-rise-third-week-amid-recovery-signs-in-china-u-s-.html