Photographer: Kiyoshi Ota / Bloomberg
Photographer: Kiyoshi Ota / Bloomberg
Most Asian stocks rose on Thursday, and the pound advanced as a sketch of post-Brexit trade the business seemed to calm the nerves of investors heading for the Christmas holidays.
Shares were higher in Australia, Japan and South Korea, while US stock futures were flat. The S&P 500 earlier ended just 0.1%, with Nasdaq Composite and Russell 2000 indices setting intraday records. Alibaba Group Holding Ltd. sank more than 6 percent in Hong Kong after China launched an investigation into alleged monopolistic practices at the technology giant.
Treasuries were constant according to the difference between the yields of 5 and 30 years widened to a four-year high on Wednesday. Some stock markets will close early on Thursday for the Christmas holidays and then most will close on Friday.
Investors are examining President Donald Trump’s request for changes to the US pandemic exemption, expecting stimulus spending to come sooner or later. House Speaker Nancy Pelosi has taken up Trump’s call for greater individual scrutiny and said the House will try to take the extra step during a pro forma session on Thursday.
“Right now we have a lot of animal spirits rising at the end of the year,” said Michael Purves, founder and CEO of Tallbacken Capital. councilors, he told Bloomberg TV. “As constructive as they are in the longer-term markets, I expect there to be a hangover like this to process this excessive expansion some time later this winter.”
Meanwhile, Pfizer Inc. and BioNTech SE agree to double supply of Covid-19 vaccine to the US In the UK, Prime Minister Boris Johnson has imposed tougher restrictions on an area of England as authorities try to control a spreading coronavirus strain. quick.
Negotiators in the UK and the European Union have reached a draft post-Brexit trade agreement and are now working to finalize the wording of the agreement.
Here are the main movements in the markets:
Inventories
- S&P 500 futures added 0.1% starting at 10:41 a.m. in Tokyo. The gauge rose 0.1% on Wednesday.
- Japan’s Topix index rose 0.6%.
- Hong Kong’s Hang Seng fell 0.2%.
- Shanghai Composite added 0.3%.
- Kospi from South Korea gained 0.8%.
- The Australian S & P / ASX 200 index rose 0.7%.
currencies
- The Bloomberg Dollar Spot index was flat after falling 0.4% on Wednesday.
- The yen was at 103.57 per dollar.
- The euro bought $ 1.2207, up 0.2%.
- The pound rose 0.3% to $ 1.3533.
- The offshore yuan traded at $ 6.5258.
BONDS
- The 10-year Treasury yield increased by one basis point to 0.95%.
- Australia’s 10-year yield rose six basis points to 0.99%.
commodities
- British West Texas Intermediate gained 0.2% to $ 48.18 a barrel.
- Gold rose 0.2% to $ 1,877.24 an ounce.
– With the assistance of Kamaron Leach