FILE PHOTO: A man wearing a facial mask, following the coronavirus disease outbreak, stands in front of an electric board showing Nikkei and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8% to just shy of a record high, led by a 2.6% jump by South Korea’s chipmaker-heavy Kospi and a 1.8% gain by Australia’s miner-and-bank heavy ASX 200.“It’s basically a re-flation trade,” said Mathan Somasundaram, head of Sydney-based research firm Deep Data Analytics, who added that the Democrat sweep was unexpected by most investors and “changes a lot.
The U.S. dollar also sank as the result became clearer because currency traders reckon that big and growing U.S. trade and budget deficits will weigh on the greenback. [FRX/] “What give us a little bit of a pause is that the economy is still very fragile and I think it’s unlikely that Democrats are going to have as easy of a time as markets are trying to predict in passing some of these policies,” said Tim Chubb, chief investment officer at wealth advisor Girard in Pennsylvania.
Don’t be fooled by Wall Street , this is the fake break before the crash .
Watch renewable industries soar. Congrats TSLA
Every time a Republican is president we end up with a recession. It’s been this way for 50 years. With. Every. Single. Republican.
That always happens if stocks go down bonds go up. Has nothing to do with Democrats.
*Democratic
TheDemocrats are pro business!