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Stock Market Today LIVE Updates: Sensex over 120 points, Nifty above 9,200 mark; Zee Entertainment jumps 10%
Washington: Asian stock markets were on the verge of rising on Thursday after oil prices rebounded and the promise of more aid from the US government. USA To ease the economic pain inflicted by the coronavirus crisis, it helped calm global stock markets.
Better-than-expected US corporate earnings also raised equities, analysts said, prompting investors to move away from safe-haven assets perceived as US Treasury bonds on Wednesday.
Australian S & P / ASX 200 futures were up 0.94 percent at 20:59 GMT, while Japanese Nikkei 225 futures were down 0.18 percent.
The Nikkei 225 Index closed 1.97 percent at 19,280.78 on Wednesday. The futures contract rose 0.15 percent since that close. Hong Kong’s Hang Seng index futures were up 0.13 percent.
On Wall Street, all 11 S&P 500 indices were trading higher as the United States Senate unanimously approved the new aid package, adding to billions of dollars in stimulus that have helped Wall Street to recover from its March lows.
The House of Representatives is expected to remove the relief on Thursday, which would be the fourth coronavirus measure passed by Congress, and would boost the overall federal financial response to nearly $ 3 trillion.
In Europe, traders were encouraged after Italy made a major debt sale on Tuesday and there was speculation that the European Central Bank would provide more support measures.
Representative image. Reuters
Still, it can take European Union countries until summer, if not more, to agree on how to finance aid to help economies recover from the pandemic as major disagreements persist, a Wednesday said on Wednesday. block official.
Brent oil rose more than 7 percent, after reaching its lowest level since 1999, amid prospects of further production cuts to reduce excess in the oil market, raising the S&P 500 energy index by 3.6 percent.
US crude was up 4.72 percent to $ 14.43 a barrel.
Dozens of vessels have been reserved in recent days to store at least 30 million barrels of jet fuel, gasoline and diesel at sea, as tanks on land are full or already reserved, according to traders and data from Shipping reviewed by Reuters.
Onshore storage in the United States is rapidly filling, with inventories now at 518.6 million barrels, not far from a record high.
On Wall Street, the Dow Jones Industrial Average rose 456.94 points, or 1.99 percent, to 23,475.82, the S&P 500 gained 62.75 points, or 2.29 percent, to 2,799.31, and the Nasdaq Composite added 232.15 points, or 2.81 percent, to 8,495.38 .
Shares of Chinese publicly traded companies in the United States may face headwinds after the head of the United States’ securities regulator warned investors not to put money into Chinese companies due to ongoing governance issues with their disclosures. .
MSCI’s worldwide stock indicator> gained 1.78 percent after a wide rally in Europe.
The dollar index rose 0.259 percent, with the euro falling 0.13 percent to $ 1.0808.
The Canadian dollar fell 0.14 percent against the dollar to 1.42 per dollar after the nation’s death toll from the coronavirus increased by less than 10 percent for the third consecutive day, data showed on Wednesday, and some provinces prepared to start lifting the closings imposed to fight the outbreak
Gains in the oil market helped lure investors to riskier assets, raising yields on government bonds.
Benchmark 10-year notes last rose 4/32 in price to yield 0.6175 percent, from 0.619 percent.
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