World stocks inch up on increasing bets on faster economic recovery | Malay Mail

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TOKYO, March 15 — Global stock prices inched higher while US bond yields hovered near a 13-month peak today as investors bet US economic growth will accelerate after the US$1.9 trillion (RM7.8 trillion) stimulus bill President Joe Biden signed into law last week. A rollout of Covid-19...

Monday, 15 Mar 2021 12:35 PM MYT

“The US is now vaccinating more three million people a day, with President Biden now saying all adults will be able to get a shot by May 1. It could soon achieve a herd immunity and an economic normalisation,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, with Hong Kong leading the gains. The US House of Representatives gave final approval last week to the Covid-19 relief bill, giving Biden his first major victory in office. Rising inflation expectations could prompt the Federal Reserve to signal it will start raising rates sooner when it announces its latest economic projections at the end of Federal Open Market Committee meeting on Wednesday.

 

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