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Asian shares kept their momentum, extending their winning streak for nine consecutive sessions on Tuesday. Moreover, oil prices advanced as lockdown easing in many countries made investors enthusiastic over a relatively fast economic recuperation.
MSCI’s broadest index of Asia-Pacific shares outside Japan has retained its performance, adding another strong session to its longest winning streak since early 2018. It advanced 1% at three-month highs and has soared 35%, recovering from four-year lows monitored in March.
Euro STOXX 50 futures STXEc1 advanced by 0.4% and DAX futures FDXc1 jumped by 0.3%, indicating that European markets were on course for a positive finish. U.S. S&P 500 futures Esc1 eased 0.15%.
Increased level of optimism for equity markets came last week after U.S. jobs data revealed an unexpected decline in unemployment. This drove Wall Street up as Nasdaq.IXIC closed at a record level on Monday.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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