Reuters. In Tokyo, amid an outbreak of coronavirus disease (COVID-19), a man wearing a protective face mask is reflected on a stock quotation board outside a brokerage.
By Wayne Cole
SYDNEY (Reuters) – Investors kicked off a busy week with protected gains in stocks in anticipation of the US fiscal year and fiscal stimulus, while Brexit talks eased in the British pound following a last-ditch gain, which saw a sharp divorce.
As part of a historic mission to encircle more than 100 million people by the end of March, with the first shipment fast in the United States, progress on the coronavirus vaccine is encouraging.
For feedback, e-mini futures rose 0.5%, while March Treasury bond futures slipped 5 tickets.
Outside of Japan, MSCI’s Broadcast Index of Asia-Pacific shares strengthened 0.1%, hitting a record high last week.
0.4% added as a survey shows that mood improved in the hard-hitting Japanese industries in the December quarter.
Sterling is pushing for both the euro and the dollar after Britain and the European Union agreed to continue negotiations on post-Brexit trade without a Sunday deadline.
Against the dollar, the pound gained 0.7% to close at 33 1.3314 and close at 3 1.3222 on Friday. The euro fell 0.5% to 91.09 pence, closing at a 92-month three-month high.
“Our base case is pending that a ‘thin’ free trade agreement will be reached before the end of the year,” analysts at Goldman Sachs (NYSE) wrote in a note.
“There is a lot of uncertainty and our economists, given the lack of progress in recent weeks, now see increasing risks of a deal outcome,” he said.
It could see the euro climb at .00 96..00p pence, while the deal could send the pound at .00 87..00 per euro, Goldman predicts.
U.S. The single currency is already tightening its grip on the dollar, which many analysts believe reduces the need for safe havens as the prospect of a vaccine-driven global economic recovery recovers.
The euro rose 0.2% on Monday to 21 1.2135 and within its recent 31-month high of 1.2177. Lightened at 90.0.7344 and its latest lick.40..471. Is close to
An additional hurdle for the dollar on December 15-16 will be the Federal Reserve’s policy meeting. The market believes that the central bank will only revise its further policy guidance rather than buying more bonds or “turning” its portfolio to add more long-term debt.
Tapas Strickland, NAB’s director of economics, said the risk was that if the Fed made a surprise turn at the meeting, the Treasuries could rise and the US dollar could fall.
Excessive wrinkles are a U.S. stimulus on financial stimulus. A deal is likely to be struck, with top Democrats hinting that they could compromise to reach an agreement on Republican objections.
All of the excitement has helped put the floor under the gold, allowing it to stay under the shade of an ounce. Gold has risen more than 21% this year as a hedge against inflation and currency depreciation.
With oil prices soaring on Monday, investors’ prices are now rising for a straight six weeks in the global recovery next week. [O/R]
The futures closed 11 cents lower at $ 46.68 a barrel, while futures rose 12 cents to close at $ 50.09.
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