FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease , walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan NenovHong Kong futures were up 0.65per cent and Nikkei futures were above the Nikkei 225 index's previous close, pointing to an opening gain of about 0.88per cent. Australian shares were also poised to open higher.
U.S. stocks received an additional lift from Microsoft , which jumped 5.6per cent after it formally declared interest in TikTok's U.S. operations on Sunday. The manufacturing data lifted oil prices more than 1per cent and drove the U.S. Treasury curve to steepen, an indication of improved investor sentiment.
After wrapping up talks on Monday over another round of coronavirus economic stimulus, U.S. House Speaker Nancy Pelosi said she will meet with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows the following day to continue the discussion.
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