Wednesday, 16 Dec 2020 07:00 AM MYT
EUROSTOXX 50 futures dipped 0.4 per cent and FTSE futures fell 0.6 per cent, indicating a weaker open for European stock markets. E-Mini futures for the S&P 500 were up 0.05 per cent. “While investors can approach 2021 with optimism that an effective Covid-19 vaccine will be available, the path of the economic recovery remains unclear,” Allianz Global Investors said in a report.
News of vaccines has powered gains in the last few months, with the Asian benchmark up nearly 16 per cent so far this year, sitting just shy of a record struck last week. The rally has been led by markets in South Korea, China and Taiwan. “Yet disappointing jobs data in recent weeks pointed to near term risks as the virus surges around the US, potentially slowing the restart,” they said.