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Markets today in the name of optimism.
It is not the pandemic that ends up being the center of attention, but the president of the United States, for a short time, Triumph: the news of your signature in stimulus package long-awaited gave confidence to investors.
the global stocksin fact, they rose after the mogul gave the green light to the budget law, backing off on his earlier threat to block the hard-won bipartisan aid and stimulus deal.
What is happening in the markets today?
Markets today in the Trump sign. And of the climb
I future sulle American and European stocks And so did most Asian stocks on Monday, December 28, fueled by renewed optimism about the economic recovery of US power.
The contracts S&P 500 increased after the president withdrew from last minute requests and approved the combined package of help Covid-19 and government funding of 2.3 trillion dollars.
Stocks rose in Tokyo and Seoul and fluctuated in Hong Kong and Shanghai. The Bloomberg Dollar Spot Index fell and Treasury yields rose. Oil changed its price little, while gold headed towards its highest close in seven weeks.
In detail, I S&P futures Americans rose 0.62% in their first trade since the Christmas holidays, approaching the record set last week.
Futures had previously written off losses after a cryptic tweet from Trump: “Good news on the Covid Relief Bill. Information to followWhich helped offset concerns about a further delay in stimulus spending.
European stocks are expected to follow suit, with futures in theEuro Stoxx 50 up 0.42%, although many markets, including London, will be closed today.
the Japanese Nikkei increased 0.74%. The MSCI Asia-Pacific Stock Index Outside Japan was up 0.20%, but trading is slow and many markets remain closed.
Markets hailed Trump’s move mostly for its economic value: The package will return unemployment benefits to millions of Americans and support a glaring crisis even at the world power.
Nobuhiko Kuramochi, Market Strategist at Mizuho Securities, commented:
“From the pandemic in coronavirus showed little sign of abating, emergency aid was needed to avoid a sharp economic slowdown during the first quarter. It would have been shocking if we hadn’t had it before the end of the year. “
On the other hand, the epidemic front remains hot. In general, governments are imposing additional restrictions to combat the spread of the new, more infectious strain.
Japan is among the last to act, banning most foreigners from entering until the end of January. Meanwhile, the European Union has launched a campaign of vaccination continental level with treatment Pfizer, which is already administered in the US and UK.
Last note from China: Alibaba slipped to Hong Kong for the second time, despite increasing its share buyback program to $ 10 billion.
All concerns are directed at the Beijing investigation into alleged monopoly practices. Chinese regulators over the weekend ordered the affiliate Ant Group Co. return to its roots as a payment service provider, a development that threatens to slow its growth.
