Asian Markets And US Futures Are Rallying Thanks To Alcoa's Aluminum Outlook

Sam Ro 

 Jan. 9, 2012

AP

Asian markets are in rally mode in early trading.  After the U.S. markets closed,

  Alcoa announced a Q4 net loss that was in line with analysts' expectations. 

However, revenue was stronger-than-expected and

the 2012 outlook for global demand was encouraging.

 
Australia's S&P/ASX is up 0.85%

Japan's Nikkei is up 0.44%

Korea's Kospi is up 1.60%

Hong Kong's Hang Seng is up 0.35%.

Shanghai Composite is up 0.81%.

U.S. futures are also trading higher with Dow futures up 25 points.