International shares soar on the information Trump indicators aid invoice
© Reuters. FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing the current average of Nikkei stocks outside of a broker during the coronavirus disease (COVID-19) outbreak in Tokyo
From Hideyuki Sano
TOKYO (Reuters) – Global stocks rose Monday as a source said U.S. President Donald Trump signed a $ 2.3 trillion pandemic and spending package that he had not yet signed.
The USA was recently quoted around 0.4%.
The futures had previously reversed losses after a cryptic tweet from Trump – “Good news on Covid Relief Bill. Information to come” – helped offset worries over further delays in stimulus spending.
A source later said he approved the bill.
rose by 0.4%. The broadest MSCI index for stocks in the Asia-Pacific region outside of Japan rose 0.2% despite slow trading and many markets still closed for holidays.
“For the markets, it is positive that we no longer have chaos over incentives, considering the possibility of a partial government shutdown,” said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui (NYSE 🙂 DS Asset Management.
“On the other hand, the markets have been talking about this incentive for a long time and I’d say most of it is already priced in.”
Trump had refused to legally sign the package on pandemic aid and spending passed by Congress, calling for stimulus controls to be tightened on struggling Americans.
Trump’s threat not to sign the package had already closed an emergency unemployment benefit program and threatened a partial shutdown of the federal government at midnight on Monday.
US bond yields rose on their first post-Christmas trade, with 10-year US Treasury yields increasing 0.6 basis points to 0.930%.
The rollout of COVID-19 vaccines also raises hopes for greater economic normalization over the next year, as Europe kicks off a mass vaccination campaign on Sunday.
This sparked alarms about a new highly infectious variant of the virus that raged in south-east England and was confirmed in many other countries including Japan, France and Canada over the weekend.
The main currencies were hardly changed.
The euro traded at $ 1.2204, slightly below its 2-1 / 2 year high of $ 1.22735, while the yen traded hands at $ 103.56 per dollar.
The British pound changed hands at $ 1.3565, not far from a 2-1 / 2-year high of $ 1.3625 earlier this month after the UK and the European Union reached a post-Brexit deal on the trading framework had achieved.
extended gains over the weekend to hit a new high of $ 28,377.94 before falling to $ 26,457.32, bringing the total value of cryptocurrency in circulation to over $ 500 billion.
Oil prices fell a little and futures fell 0.8% to $ 47.85 a barrel.[O/R]
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