Asian equities hit a record high today as investors set aside fears about rising coronavirus cases and bought stocks. — Reuters pic
S&P 500 futures rose 0.9 per cent, Nasdaq 100 futures leapt 1 per cent and European futures were up strongly with EuroSTOXX 50 futures up 0.9 per cent and FTSE futures up 0.6 per cent late in the Asia session. Japanese economic growth, which beat records and forecasts to pull the world’s third-largest economy out of recession and better-than-expected industrial output in China added to the enthusiastic mood.
“A Northern hemisphere slowdown will inevitably appear ... probably prompting more easing by the Federal Reserve and the European Central Bank,” said Oanda analyst Jeffrey Halley.
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Asian stocks shoot up as vaccine progress, Biden transition boost confidence | Malay MailWASHINGTON, Nov 24 — Asian stocks opened higher today as Covid-19 vaccine progress shored up global sentiment and US President-elect Joe Biden was given the go-ahead to begin his White House transition. US General Services Administration chief Emily Murphy wrote in a letter to Biden yesterday...
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