The Dow Jones Industrial Average ended at 30,829.40, up 1.4 per cent, and the broad-based S&P 500 gained 0.6 per cent to close at 3,748.14, whereas tech-rich Nasdaq Composite Index shed 0.6 per cent at 12,740.79.after a second Covid-19 vaccine won regulatory approval in the region, while bets rose for bigger US fiscal stimulus as Democrats closed in on a Senate victory. The pan-European Stoxx 600 index rose 1.4 per cent to its highest level since late February last year.
IG senior market strategist Pan Jingyi noted that Asia markets are going into Thursday with the"positive sentiment being the de facto mood". "Early movers in the region including the ASX 200 and the Kospi had charged up by more than 1 per cent, though the Hong Kong market may sit out with Tencent and Alibaba coming under US scrutiny," Ms Pan said.on Thursday that he expects markets to keep with a bullish bias, as the US Senate outcome should be viewed as the"most favourable outcome from a stimulus perspective", that should benefit both emerging market and Asia risk.
He added that vaccine optimisation and higher yields should also help the heavier weighted banking sectors in Singapore.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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