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Asian stocks advanced on Thursday, just a day after US S&P 500 reached all time-high from strong US figures, while markets remained cautious on persisting effect of coronavirus contagion.
Japanese Nikkei clocked in 1.63% while MSCI’s broadest index of Asia-Pacific shares acquired 0.39%.
S&P 500 .SPX inched up 1.13% last Wednesday, ending its session to 3,334.69 record. Nasdaq Composite .IXIC advanced with 0.43% closing its Wednesday session to a positive record of 9,508.68.
According to ADP National Employment Report, jobs increased to 291,000 postings in private payrolls this January, with an all-time high record in May 2015. In line with this, another record disclosed that US services sector recuperated from inactivity last January. Boosts from both sectors indicated that the economy could possibly tread a moderate pacing even if there is a slump in consumer purchases.
Market participants were hyped up by unconfirmed headlines about vaccine for novel coronavirus which became the primary boost for the overall performance of indexes.
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 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
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 ...
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