Asia stocks set for small gains as U.S. advances fiscal stimulus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 97%

United States News News

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

Investors in Asia geared up for modest stock gains on Friday as U.S. legislators wrangled over a fiscal stimulus and negotiations over a Brexit trade deal continued.

FILE PHOTO: A woman looks at a screen showing Nikkei index outside a brokerage in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon

A $908 billion U.S. coronavirus aid plan gained momentum in U.S. Congress on Thursday, buoying U.S. markets. “The U.S. fiscal situation is pretty fluid, but it’s more encouraging than in the beginning of the week,” said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. “But there’s too much uncertainty to do anything with a great degree of confidence.”

The European Union and Britain continued trying to secure a Brexit trade deal, with diverging views on how far off the sides were from a deal.Japan’s Nikkei 225 futures added 0.13% and Hong Kong’s Hang Seng index futures were flat. Wall Street stocks were mixed, with the Nasdaq closing at a record high, lifted by Tesla Inc, while the S&P 500 fell after a report that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine.The dollar cratered on Thursday to its weakest level in more than 2-1/2 years as signs of progress toward U.S. fiscal stimulus and optimism about COVID-19 vaccines kept investors hopeful.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thank you very much for your work

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

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.

Ex-Tiger Asia Founder Triggers $30 Billion in Large Stocks SalesStock sales tied to a hedge fund’s unwinding fueled a 27% plunge Friday in shares of Viacom—an unusually large decline on a day with no significant company specific news Because we are in a FUCKING BUBBLE Suggesting someone gave lots of folks a heads up about something coming down the pike forasarah
Source: WSJ - 🏆 98. / 63 Read more »