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Global stocks rally as investors pin hopes on coronavirus treatment

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  • Publisher: 97%

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Coronavirus treatment hopes lifts global stocks

FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease outbreak, walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 18, 2020. REUTERS/Kim Kyung-Hoon

MSCI’s broadest index of Asia-Pacific shares outside of Japan jumped 0.8%, edging closer to a six-month high touched last week. Japan’s Nikkei reversed early losses to be last up 0.3%. Chinese shares rose too with the blue-chip CSI 300 index adding 0.8%. South Korea’s KOSPI, which has been on a slippery slope since hitting a more than two-year peak earlier this month, climbed 1%.

Equity market sentiment was also supported by a Financial Times report that the Trump administration is considering by-passing normal U.S. regulatory standards to fast-track an experimental coronavirus vaccine from the UK for use in America ahead of the presidential election. Normand pointed to talks of a U.S. fiscal package, Fed’s upcoming policy review next month and the ramping up of the U.S. election campaign as risk events over coming weeks.

 

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Same article every Sunday.. Classic fed pump.

Fed stimulus, not optimism. 🧐

I’ll never understand why market is based on someone’s abstracts.

Hope lifts the heart but the algos 'manage' the share prices.

ad infinitum 🥱

Congrats to the federalreserve and stevenmnuchin1 they managed to make the stock market look like a ridiculous casino In the worst environment ever the rich are getting richer while millions of workers lost their jobs and starving

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日本 最新ニュース, 日本 見出し

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