Asian stocks climbed ahead of Chinese economic data, with the regional index set for its longest run of gains since April amid a rebound in global equities. Oil advanced with copper, while the dollar held declines.The MSCI Asia Pacific Index rose 0.3 per cent by 10 am in Tokyo, set for its highest close since July 3 as stock gauges from Japan to Korea gained at least 0.2 per cent. US index futures were little changed after the longest equity rally there since January. Oil rose a second day on speculation the nuclear deal won't spur a rush of Iranian crude exports. Copper added 0.3 per cent, while wheat extended losses. The Bloomberg Dollar Spot Index held on to Tuesday's 0.2 per cent retreat.
Chinese gross domestic product data is projected to paint a muted picture for the second quarter. Reports on retail sales and factory output also due Wednesday amid signs authorities have halted the equity rout, for now. Federal Reserve Chair Janet Yellen addresses Congress with traders paring bets on interest-rate increases after an unexpected drop in retail sales. The Bank of Japan also reviews monetary policy.
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