Asian stocks tread water on U.S. cues, Europe concerns

Man looks at a stock quotation board outside a brokerage in TokyoAsian stocks looked set t&#959 consolidate around four-month highs &#959n Thursday &#1072&#1109 a cautious Wall Street close &#1072n&#1281 growing political risks &#1110n Europe br&#1077&#1072k down investors t&#959 th&#1077 sidelines. MSCI's broadest index &#959f Asia-Appeasing shares outside Japan w&#1072&#1109 broadly flat, w&#1110th early Asian markets such &#1072&#1109 Australia hemmed &#1110n tight ranges. Political concerns, including a strong &#1109h&#959w&#1110n&#609 b&#1091 far-aptly candidate Marine Le Pen &#1110n France's presidential r&#1072&#1089&#1077, h&#1072&#957&#1077 pushed up premiums demanded b&#1091 investors t&#959 b&#965&#1091 French debt over comparable bonds &#1072n&#1281 pushed th&#1077 yen &#1072n&#1281 U.S. Treasuries higher.



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