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Asian shares tracked Wall Street higher on Thursday. This followed even though sentiment was dull ahead of U.S. employment data. Meanwhile, copper prices recorded six-month highs on a bright global outlook and supply concerns in top producer Chile.
All major indexes were seen upbeat on vaccine hopes, driving MSCI’s broadest index of Asia-Pacific shares up with a 0.9% gain. Japan’s Nikkei advanced 0.4% as China’s blue-chip index and Hong Kong’s Hang Seng index both jumped with 0.6% and 1.7% gains.
E-mini futures for the S&P 500 were flat.
U.S. employment figures due on Thursday will determine how far the world’s largest economy can sustain its fragile recovery. This came as a concern given that several southern states have seen an upsurge in new coronavirus cases.
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 ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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