Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 1, 2020. Asian stocks rose Tuesday after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before legislators.
Investors are optimistic about the development of a possible coronavirus vaccine despite caution about the short-term economic impact of rising virus cases in the United States and Europe.The future “seems incredibly bright and bullish,” Stephen Innes of Axi said in a report. Sentiment was boosted after the European Medicines Agency said it will convene a meeting on Dec. 29 to decide if there is enough data about the safety and efficacy of the COVID-19 vaccine developed by Pfizer and BioNTech for it to be approved.
In Asia, the Shanghai Composite Index gained 1.8% to 3,451.94 after an index of Chinese manufacturing activity by a business magazine, Caixin, hit a decade high in November. A separate survey Monday by the government statistics agency showed activity at a three-year high.The Hang Seng in Hong Kong added 0.9% to 26,567.
The Organization for Economic Cooperation and Development said in a report that the world economy will bounce back to its pre-pandemic levels by the end of next year, though the recovery will be uneven across the countries and risks remain.
I'm sure the gains from the stock market will trickle down any day now
Except we still have Americans starving. It's like the stock market doesn't reflect the average person or something.
Hooray for trickle down economics
Hearings show that Biden committed VOTER fraud on a massive scale
GEORGIA! You have the control to Fire Mitch McConnell. Kentucky did a poor ass job. Help America end this crisis.
More good news please(((
Please consider supporting The Snack Sack (this GivingTuesday: Please join us in supporting marginalized families facing food insecurity without you.
Great job Trump!
That's the BidenBump. The whole world is ready for Trump to be gone. 50 days.
The stock market is not the economy. Millions face unemployment benefits being cut and millions more face eviction in the next few weeks. Tell them about the “booming” economy.
The Biden rally. :-)
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