Global Markets: Asian stocks gain on U.S. stimulus hope, yuan surges

A passersby wearing a protective face mask stands in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus disease outbreak, in Tokyo, Japan October 5, 2020. Picture taken with slow shutter speed. REUTERS/Issei Kato/File Photo

“It will be quite a mixed day,” said Ryan Felsman, senior economist at CommSec. “People are digesting the potential for a stimulus bill, and markets are very cautious on the back of that.” The Dow Jones Industrial Average ended up 0.40% on Tuesday. The S&P 500 rose 0.47%, and the tech-heavy Nasdaq Composite rose 0.33%.

Benchmark 10-year U.S. Treasury yields hit a four-month high of 0.8060% and the yield curve reached the steepest level in more than four months on hopes lawmakers could agree on a stimulus package.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks dip as U.S. political concerns growAsian stocks slipped on Tuesday as investors adjusted risk exposure heading into the U.S. election and as a deadline for Washington to pass an economic stimulus bill approached while Europe reported record daily coronavirus infections.
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks set for modest gains as tech woes check stimulus hopesAsian stocks were set for modest gains on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher, although wobbles in the tech sector could keep a lid on investor sentiment.
Source: Reuters - 🏆 2. / 97 Read more »

Global stocks jump after Pelosi sets Tuesday deadline for US stimulus vote; China posts strong economic data | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »