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Asian stocks gained on Tuesday, while oil prices rose amid recovering demand as governments worldwide eased lockdowns.
Brent crude traded at $28.37 per barrel, while U.S. crude stood at $21.77 per barrel.
Australia’s ASX 200 was up 1.26%, while Hong Kong’s Hang Seng gained 0.66%.
U.S. stock futures climbed 0.75%. S&P 500 was up 0.42%, lifted by Microsoft, Amazon, and Apple.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.56%.
The positive market mood came after the governors of California and New York said they will be re-opening their economies.
The latest optimism briefly outweighed the recent spat between U.S.’ and China’s top officials, which caused European and Asian shares to decline on Monday.
An internal Chinese report warned of worldwide hostility against Beijing over the pandemic, adding that it could destabilize relations with the United States.
The dollar index fell 0.12% as commodity currencies surged.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
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 ...
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 ...
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