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TOKYO – US equity futures traded higher on Monday, with the Dow Jones Industrial Average closing above 30,000 points for the first time in the past week and following the Thanksgiving holiday.
The Dow was down 237 points (-0.80%) at 29,637, while the tech-heavy Nasdaq was down 32.25 (-0.26%) at 12,225.25 and the S&P Red was at 24,25 (-0.67%) at 3,612.25.
Oil prices are down about 1% from the OPEC + meeting on Monday
In Wall Street’s half-day trading on Friday, the benchmark index S&P 500 rose 0.2%, with gains in technology companies, 3, 6388. of5 closed at the all-time high. Nasdaq also set a record with gains in Naspal, Tesla, Zoom and other tech companies.
Meanwhile, Asian stocks slipped on Monday amid renewed caution in the wake of the Covid-19 vaccine and hopes of relief for the global economy, despite a record high finish on Wall Street last week.
US equity futures are trading lower on Monday, days after the Dow Jones Industrial Average closed above 30,000 points for the first time last week. (AP Photo / Craig Rattle, file)
Japan’s benchmark Nikkei 225 rose 0.8% to 26,433.62 as markets across the region quickly lost initial gains. South Korea’s Kospi fell 0.9% to 2,608.79. Australia’s S&P / ASX 200 fell 1.3% to 6,517.80. Hong Kong’s Hang Seng was up 1.5% at 26,501.58, while the Shanghai Composite was down 0.1% at 3,4044.90.
Stephen Ines, Axis’ chief global market strategist, noted that despite the ups and downs, investors, as always, are focusing on the arrival of vaccines to slowly return to business.
US Economy Forum AD Dr. Graeme Winter shrinks as sorting coronavirus infusions
“Vaccines promise that major epidemics will be removed in 2021,” he said. Economic life will slowly heal; Insa said that the world will start moving forward with all the human suffering caused by the virus.
One of the encouraging news for the sector came from the Purchasing Managers Index or PMI for China’s manufacturing sector, which saw an improvement in the country’s patients who started due to the country’s epidemic, with growth in its manufacturing sector.
Positive growth on the vaccine front has benefited from double-digit gains in key indices this month as investors look forward to progress in controlling the epidemic that has engulfed the global economy in its most sluggish turmoil since the 1930s. That optimism remained the same last week, as a vaccine candidate was shocked and cases of coronavirus increased worldwide.
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Oxford University and AstraZeneca have announced positive results of testing about their vaccine. U.S. hopes for vaccine And has raised concerns about cases of spinning coronavirus in other parts of the world. U.S. states and European governments will regain control of trade and travel as infection rates rise.
Concerns about a second wave of infection are also growing in Asia, including Japan and South Korea. Tokyo reports hundreds of new cases a day, often setting new records. The disease has killed more than 1.4 million people worldwide, according to figures compiled by Johns Hopkins University.
The Saudi-led OPEC countries will hold a virtual meeting on Monday, once again, to reduce the demand for crude by how much oil their members should produce as a coronavirus-related fuel. In an effort to raise volatile oil prices, they are expected to extend production cuts well into the new year.
The group will have to reach an agreement between its member countries and additional members of the group called OPEC Plus, which will be led by Russia.
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In energy trading, the benchmark U.S. Crude is down 91 cents at 44 44.62. Internationally, Brent crude also fell 99 cents to. 47.19 a barrel.
The US dollar fell from 104.07 yen to 103.88 Japanese yen. The euro is priced at 19 1.1975, which is 19 1.1962.
