GLOBAL MARKETS-Asian shares shrug off Delta woes to hit 1-week highs

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Asian shares shrugged off caution over the rapidly spreading Delta variant of the coronavirus to advance to one-week highs on Wednesday led by strong U.S...
(Adds European futures in para 2, comment from JPMorgan analysts on global growth outlook in paras 10-12, updates levels throughout)

* Asian stock markets : https://tmsnrt.rs/2zpUAr4

By Swati Pandey

SYDNEY, Aug 4 (Reuters) - . corporate earnings and successful vaccine rollout globally.

In a sign the positive mood will extend overseas, eurostoxx 50 futures added 0.3% while German Dax futures and those for London's FTSE were up 0.1% each. U.S. futures were slightly weaker with E-minis for the S&P 500 a nudge lower.

Asian markets had started on a jittery note but bounced strongly in mid-morning trades.

MSCI's broadest index of Asia-Pacific shares outside Japan was last 1.1% up for its third straight day of gains to the highest since July 26.

Japan's Nikkei was in the red while Chinese shares were quick to turn positive after starting lower. The blue-chip index added 0.7% as did Shanghai's SSE Composite .

Australian shares were a touch firmer, though sentiment was marred by an unabating rise in Delta infections in Sydney, the country's biggest city.

Most other Asian indexes were also higher.

Stronger-than-expected profits from U.S. companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look versus last year.

Close to 90% of companies listed on the S&P500 have reported positive earnings surprises for the second…
Swati Pandey
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