Stocks trying to hold momentum in Asian after US records

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Global stocks were poised to rise again on Tuesday in Asian trading after another record-setting day on Wall Street.

Japan's Nikkei 225 futures rose 0.15per cent, e-mini futures for the S&P 500 rose 0.04per cent and Australian S&P/ASX 200 futures rose 0.12per cent in early trading.MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.04per cent at 720.5.

Expectations have been building that inflation will pick up as governments and central banks continue massive spending and easy money policies until officials are certain that their economies will recover from the coronavirus pandemic. Cryptocurrency bitcoin rose more than 15per cent on Monday to another record high of US$45,000 after Tesla Inc said it had invested around US$1.5 billion in the virtual currency and expects to accept it as payment for its cars in the future.

 

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