U.S. Stock futures were slightly ahead of the open. Dow (INDU) The futures fell about 0.1%. S&P (SPX) The futures were marginally weak and Nasdaq (COMP) The futures were up 0.3%.
In Europe, Germany Dex (Dex)And FTSE 100 (UKX) Posted minor losses in London, while France CAC40 (CAC40) Was flat. In Asia, Hong Kong Hang Seng Index (HSI) South Korea closed 0.1% higher Cospy (COSPI) 0.2% and China rose Shanghai Composite (SSCOMP) 1.2% left.
Of Japan Nikki (N 225) Leading to the sector’s gains, increased by about 2% At one of its highest levels since early 1991. Japan and China announced on Tuesday that they had agreed to resume business travel by the end of the month, after shares of the country’s flagship carrier ANA rose nearly 5%.
Promising coronavirus vaccine development Exxon’s chief global market strategist is helping to support global stocks, according to Stephen Innes.
“Global investors are happy with the news of the vaccine,” Ines wrote in a note on Wednesday. Optimism has helped boost oil futures, with global benchmark Brent crude rising above 48 barrels a barrel, as traders expect demand to rise in 2021 on the basis that the vaccine will allow the economy to ease coronavirus sanctions more quickly. .
Ines said investors were also relieved to see a formal transition from US President Donald Trump to President-elect Joe Biden.
The U.S. General Services Administration is launching a so-called determination process, which allows Trump administration officials to coordinate with the Biden team. Sources have confirmed to CNN that former Federal Reserve Chair Janet Yellen will be Biden’s nominee for Treasury Secretary, and she is expected to push for more stimulus in the post – another positive for stocks.
Still, investors are balancing this against the ongoing epidemic. The United States and Europe are grappling with another wave of coronavirus infections, which have banned daily life in some areas that can last for several months and further hamper recovery. Elsewhere, Hong Kong’s chief executive, Kerry Lam, said the city was on the verge of another outbreak, with cases raging in Brazil and Mexico.
Investors in the U.S. on Wednesday Will be able to find the key to financial recovery recovery, expect an initial job claim and read on customer confidence, personal income and new home sales.
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