S&P 500, Hang Seng, ASX 200 Outlook: Strong NFP and Stimulus to Lead the Way Higher
S&P 500, HANG SENG, ASX 200, ASIA-PACIFIC MARKET WEEKLY OUTLOOK:
Wall Street equities rebounded on strong non-farm payrolls report, retreating yields
Senate Democrats passed a $1.9 trillion Covid relief package on Saturday, paving way for a faster recovery
US inflation rate, ECB and BoC interest rate decisions and China’s National People’s Congress are in focus this week
NFP, US Stimulus, ECB and BoC Interest Rate Decision, Asia-Pacific Stocks Weekly Outlook:
Asia-Pacific equities kicked off the week with an upbeat tone following a strong session on Wall Street last Friday. The S&P 500, Dow Jones and Nasdaq Composite rebounded 1.95%, 1.85% and +1.55% respectively after the release of a robust US nonfarm payrolls report. The figure came in at 379k, beating the baseline forecast of 182k by a wide margin. The previous month’s reading was revised up to 166k from an initial print of 49k, furth