Asian stocks look for vaccine-led recovery, US stimulus | Malay Mail

📆 14/12/2563 17:34:00
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SYDNEY, Dec 14 — Stocks started a busy week with guarded gains as investors gauged the chance of added US fiscal and monetary stimulus, while the British pound rose in relief as a last-gasp extension to Brexit talks dodged a hard divorce. Progress on coronavirus vaccines cheered risk sentiment,...

Japan's Nikkei adds 0.6 per cent as a survey shows the mood among hard-hit Japanese businesses has improved in the December quarter.. — Reuters pic

E-Mini futures for the S&P 500 responded by rising 0.5 per cent, while March Treasury bond futures slipped 4 ticks. Eurostoxx 50 futures added 0.6 per cent and FTSE futures 0.3 per cent. Against the dollar, the pound rose 0.7 per cent to $1.3321 and away from Friday's close of US$1.3222. The euro slipped 0.5 per cent to 91.09 pence, off a three-month top of 92.29.

The single currency has already been charging hard against the US dollar, which many analysts believe has entered a cyclical downtrend as the prospect of a vaccine-driven global economic recovery lessens the need for safe havens.

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