Asian stocks rise as US vote points to higher bar for regulation

Asian shares jumped on Thursday as investors cheered U.S. election results that pointed to a government less likely to impose tough financial regulations, while sterling fell on reports that the Bank of England may ease policy more than expected.

E-Mini futures for the S&P 500 added 0.27per cent, Japan's Nikkei climbed 0.3per cent, Australian shares rose 0.5per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3per cent in early trade. Investors increasingly expect the Republican and Democratic parties to retain their respective control of the Senate and the House of Representatives, paving the way for a split legislature that makes it harder to introduce new laws and regulations.

Oil prices were firm, with U.S. crude at US$39.06 a barrel, after data showed a large decline in U.S. crude inventories.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naturgy to invest up to US$1.8 billion in US after US$57 million acquisitionSpanish power company Naturgy plans to invest up to US$1.8 billion in the United States after making its first push into the U.S. renewable market ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Will Asia’s recovery prevail over US election risks in the Asian bond market?As 2020 comes to a close, major Asian economies are poised for a more modest contraction and a stronger recovery from the Covid-19 pandemic than previously expected.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »